Currency snapshot (major pairs)

Dollar index trading at 97.03 (-0.80%).

Strength meter (today so far) - Euro +1.15%, Franc 0.7%, Yen +0.34%, GBP -0.21%

 Strength meter (since last week) - Euro +1.15%, Franc 0.7%, Yen +0.34%, GBP -0.21%

EUR/USD -

Trading at 1.093

Trend meter -

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

 Support -

• Long term - 1.048-1.036, Medium term - 1.065-1.06, Short term - 1.077-1.075

Resistance -

• Long term - 1.1035-1.11, Medium term - 1.102-1.11, Short term - 1.102-1.105

Economic release today -

• Greek current account deficit shrank to € -0.847 billion.
• Mario Draghi at speech in Brussels vouched for ECB monetary policies.

Focus -

• Focus is on Merkel and Tsiparas meeting.
• Yield differentials with US to influence the pair.

GBP/USD -

Trading at 1.4935

Trend meter -

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

 Support -

• Long term - 1.425-1.417, Medium term - 1.462-1.455, Short term - 1.475-1.472

 Resistance -

• Long term - 1.553-1.56, Medium term - 1.516-1.52, Short term - 1.498-1.502

Economic release today -

• CBI industrial trend survey came at 0 compared to prior 10 and expectation 9.

 Focus -

• Weakening growth and inflation outlook.
• BOE policy might tilt either side.
• Large fiscal and current account deficit.

USD/JPY -

Trading at 119.65

 Trend meter -

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

Support -

• Long term - 113.7-112.9, Medium term - 115.7-115, Short term - 119.5-119.2

 Resistance -

• Long term - 125, Medium term - 122, Short term - 122

 Economic release today -

• NIL

 Focus -

• Risk trends and broad based dollar weakness.

USD/CHF -

Trading at 0.967

 Trend meter -

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

 Support -

• Long term - 0.88, Medium term - 0.937, Short term - 0.96

 Resistance -

• Long term - 1.174, Medium term - 1.025-1.02, Short term - 0.997

 Economic release today -

• NIL

 Focus -

• Stronger franc to impact Swiss economy.
• Slowdown in China and sanctions over Russia to cause slowdown.
• Weaker inflation outlook and negative bond yields.