Currency snapshot (major pairs)

Dollar index trading at 99.89 (-0.30%).

Strength meter (today so far) - Euro +0.38%, Franc -0.66%, Yen +0.01%, GBP +0.02%

Strength meter (since last week) - Euro +0.24%, Franc +0.08%, Yen -0.08%, GBP +0.25%

EUR/USD -

Trading at 1.061

Trend meter -

• Long term - Buy, Medium term - Range, Short term - Range/Sell

Support

• Long term - 0.98, Medium term - 1.02, Short term - 1.048

Resistance -

• Long term - 1.145, Medium term - 1.104, Short term - 1.083

Economic release today -

• Euro zone unemployment dropped to 10.7% in October, while manufacturing PMI remained strong at 52.8.

Commentary -

• Euro is keeping to the low, heading towards ECB meeting. Active call - Euro to drop towards parity.

GBP/USD -

Trading at 1.506

Trend meter -

• Long term - Buy, Medium term - Range/sell, Short term - Range/Sell

Support -

• Long term - 1.46, Medium term - 1.475, Short term - 1.495

Resistance -

• Long term - 1.55, Medium term - 1.54, Short term - 1.532

Economic release today -

• Manufacturing PMI came at 52.7 for November.

Commentary -

• Pound's rally today got soured by weaker manufacturing PMI. Active call - Sell Pound @1.54 targeting 1.44 area with stop loss around 1.58 area.

USD/JPY -                      

Trading at 122.8

Trend meter -

• Long term - Buy, Medium term - Range/Buy, Short term - Range/Buy

Support -

• Long term - 115.5-116.5, Medium term - 118.5, Short term - 120.3

Resistance -

• Long term - 130, Medium term - 128, Short term - 125.4

Economic release today -

• Manufacturing PMI came at 52.6 for November.

Commentary -

• Yen is trading in a tight range. Active call - Buy USD/JPY @ 121.9 targeting 123.2, 125, 127, with stop loss around 120, 118.

USD/CHF -                                                                                         

Trading at 1.029

Trend meter -

• Long term - Buy, Medium term - Range, Short term - Range/Buy

Support -

• Long term - 0.905, Medium term - 0.945, Short term - 1.01

Resistance -

• Long term - 1.174, Medium term - 1.07, Short term - 1.035

Economic release today -

• NIL

Commentary -

• Franc is up today but likely to drop further against Dollar.