Currency snapshot (major pairs)

Dollar index trading at 94.22 (+0.10%)

Strength meter (today so far) – Euro -0.06%, Franc -0.59%, Yen +0.00%, GBP +0.27%

Strength meter (since last week) – Euro +0.08%, Franc -0.59%, Yen +0.02%, GBP +0.26%

EUR/USD –

Trading at 1.165

Trend meter –

• Long term – Buy, Medium term – Buy, Short term – Sell

Support          

• Long term – 1.12, Medium term – 1.16, Short term – 1.16

Resistance –

• Long term – 1.25, Medium term – 1.22, Short term – 1.2

Economic release today –

• NIL

Commentary –

• The euro is continuing lower as political tensions mount in Eurozone along with a trade war fears. Active Call - Sell Euro at 1.218 with 1.17 as target; target revised lower to 1.14

GBP/USD –

Trading at 1.332

Trend meter –

• Long term – Sell, Medium term – Sell, Short term – Sell

Support –

• Long term – 1.32, Medium term – 1.354, Short term – 1.354 (broken)

Resistance –

• Long term – 1.425 Medium term – 1.39, Short term – 1.37

Economic release today –

• NIL

Commentary –

• The pound is almost flat for the week. Active call-  short term sell at 1.413 targeting 1.375 (target reached); extended to 1.354 (target reached); extended to 1.3

USD/JPY –           

Trading at 109.4

Trend meter -

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

Support –

• Long term – 101, Medium term – 104.2, Short term – 106.2

Resistance –

• Long term – 111, Medium term – 109, Short term – 109

Economic release today –

• Unemployment report will be released at 23:30 GMT.

Commentary –

• The yen is treading waters as risk aversion ease.

USD/CHF –

Trading at 0.994

Trend meter –

• Long term – Buy, Medium term – Range/sell, Short term – Range/Buy

Support –

• Long term – 0.90, Medium term – 0.92, Short term – 0.95

Resistance –

• Long term – 1.03, Medium term – 1.00, Short term – 1.00

Economic release today –

• NIL

Commentary –

• Franc is the worst performer of the week so far.

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