Currency snapshot (major pairs)

Dollar index trading at 96.38 (+0.26%).

Strength meter (today so far) - Euro -0.32%, Franc -0.18%, Yen +0.01%, GBP -0.10%

Strength meter (since last week) - Euro -0.32%, Franc -0.18%, Yen +0.01%, GBP -0.10%

EUR/USD -

Trading at 1.097

Trend meter -

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

Support -

• Long term - 1.048-1.036, Medium term - 1.106-1.102(broken), Short term - 1.11-1.106(broken)

Resistance -

• Long term - 1.175-1.18, Medium term - 1.155-1.16, Short term - 1.12-1.123

Economic release today -

• NIL

Commentary -

• Euro seem to be poised to drop further, as key support as well as trend line got broken. Tomorrow stands crucial when volume returns.

GBP/USD -

Trading at 1.546

Trend meter -

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

Support -

• Long term - 1.425-1.417, Medium term - 1.497-1.49, Short term - 1.537-1.534

Resistance -

• Long term - 1.592-1.616, Medium term - 1.58-1.586, Short term - 1.582-1.584, Immediate - 1.56

Economic release today -

• NIL

Commentary -

• Pound broke below key trend line support and is expected to drop further.

USD/JPY -                      

Trading at 121.5

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 - 118.5-118

Resistance -

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

Economic release today -

• Corporate services prices will be released at 23:50 GMT.

Commentary -

• Yen is relatively better performer, however low volume is hardly changing the pair.

USD/CHF -

Trading at 0.944

Trend meter -

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

Support -

• Long term - 0.88, Medium term - 0.917-0.913, Short term - 0.90

Resistance -

• Long term - 1.174, Medium term - 1.025-1.02, Short term - 0.984-0.987, Immediate - 0.944-0.947

Economic release today -

• NIL

Commentary -

• The pair is hovering near immediate resistance area, further rise is likely, however there could be some correction.