Currency snapshot (major pairs)

Dollar index trading at 97.52 (+0.80%).

Strength meter (today so far) - Euro -0.88%, Franc -1.17%, Yen -0.55%, GBP -2.20%

Strength meter (since last week) - Euro -0.88%, Franc -1.17%, Yen -0.55%, GBP -2.20%

EUR/USD -

Trading at 1.103

Trend meter -

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

Support

• Long term - 1.048, Medium term - 1.07, Short term - 1.078

Resistance -

• Long term - 1.18, Medium term - 1.15, Short term - 1.13

Economic release today -

• Euro Zone manufacturing PMI dropped to 51 and services PMI dropped to 53.

Commentary -

• Euro fell victim over rising equities and Brexit fear, amid stronger Dollar. Active Call - Buy Euro @1.09 and at dips targeting 1.155 area and stop loss at 1.05

GBP/USD -

Trading at 1.408

Trend meter -

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

Support -

• Long term - 1.405, Medium term - 1.415, Short term - 1.42

Resistance -

• Long term - 1.52, Medium term - 1.52, Short term - 1.467

Economic release today -

• CBI industrial survey orders dropped to -17 from -015 prior.

Commentary -

• Pound is worst performer today as investors' short sterling in fear of Brexit. Influential London mayor Boris Johnson announced to support exit group.

USD/JPY -                      

Trading at 113.2

Trend meter -

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

Support -

• Long term - 115.5-116.5 (broken), Medium term - 116.5 (broken), Short term - 116.5 (broken)

Resistance -

• Long term - 123.8, Medium term - 123.8, Short term - 120.5

Economic release today -

• Nikkei manufacturing PMI dropped to 50.2 from 52.3 back in January.

Commentary -

• Yen is best performer today but down as equities rise steadily. Active call - Buy Yen @119.5 with stop loss around 123.8 and target at 114 and 110, 108.9 and 98.5

USD/CHF -                                                                                         

Trading at 0.998

Trend meter -

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

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 -

• Producer and import prices declined by -5.3% in January.

Commentary -

• Franc is down in line with Euro. Active call - Sell USD/CHF @0.985 and at rallies - targeting 0.895 area and stop loss at 1.03 area.