Currency snapshot (major pairs)

Dollar index trading at 98.27 (+0.38%).

Strength meter (today so far) - Euro -0.50%, Franc -0.35%, Yen -0.42%, GBP -0.24%

Strength meter (since last week) - Euro -1.10%, Franc -0.59%, Yen -0.60%, GBP -0.57%

EUR/USD -

Trading at 1.069

Trend meter -

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

Support -

• Long term - 1.048-1.036, Medium term - 1.048-1.036, Short term - 1.048-1.036

Resistance -

• Long term - 1.1035-1.11, Medium term - 1.102-1.11, Short term - 1.083-1.086

Economic release today -

• Zew economic sentiment improved to 64.8 from 62.4 prior.

Commentary -

• Euro is worst performer today, as Greek woes add to the falling yields against treasuries.

GBP/USD -

Trading at 1.488

Trend meter -

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

Support -

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

Resistance -

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

Economic release today -

• 30 year bonds yielded 2.34%. for 2014, UK fiscal deficit stand unchanged from 2013 at -5.7%

Commentary -

• Pound is best performer today among majors, however bulls are facing resistance around 1.491 area. Trading in arrange of 60 pips today. Tomorrow's BOE minutes might provide further guidance.

USD/JPY -                      

Trading at 119.1

Trend meter -

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

Support -

• Long term - 113.7-112.9, Medium term - 115.7-115, Short term - 118.5-118

Resistance -

• Long term - 125, Medium term - 122, Short term - 122. Immediate - 120.8

Economic release today -

• Leading economic index dropped to 104.8 from 105 prior and coincident index dropped to 110.7 from 113.2 prior. Japanese trade details are scheduled for release at 23:50 GMT.

Commentary -

• Yen performed poorly today, after dollar bulls taken out 119 level last night, however range remains

USD/CHF -

Trading at 0.958

Trend meter -

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

Support -

• Long term - 0.88, Medium term - 0.937, Short term - 0.945, Immediate - 0.95

Resistance -

• Long term - 1.174, Medium term - 1.025-1.02, Short term - 0.997, Immediate - 0.966-0.972

Economic release today -

• NIL

Commentary -

• Franc continues to shift between bulls and bears, taking cues from dollar. Franc bulls need to take out the bears around 0.95 level to resume medium term down trend.