Currency snapshot (major pairs)

Dollar index trading at 98.64 (-0.11%).

Strength meter (today so far) - Euro +0.19%, Franc +0.28%, Yen -0.12%, GBP -0.30%

Strength meter (since last week) - Euro -0.17%, Franc -0.23%, Yen -0.05%, GBP -0.69%

EUR/USD -

Trading at 1.086

Trend meter -

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

Support

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

Resistance -

• Long term - 1.145, Medium term - 1.104, Short term - 1.1

Economic release today -

• Euro zone third quarter GDP rose by 1.6% from a year ago.

Commentary -

• Euro clawed back some of its yesterday's loss. FED meeting working as a lock on the upside.

GBP/USD -

Trading at 1.5

Trend meter -

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

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 -

• Industrial production rose by 1.7% from a year ago, in October, while manufacturing dropped by -0.1%

Commentary -

• Pound giving up some of its post-ECB gains. Active call - Sell Pound @1.54 targeting 1.44 area with stop loss around 1.58 area.

USD/JPY -                      

Trading at 123.1

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 -

• Second flash reading showed GDP in third quarter rose by annualized rate of 1%.

Commentary -

• Yen is the best performer this week as better than expected GDP provided support. Active call - Buy USD/JPY @ 121.9 targeting 123.2, 125, 127, with stop loss around 120, 118.

USD/CHF -                                                                                         

Trading at 0.997

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 remains closely linked to Euro's movement.