Currency snapshot (major pairs)

Dollar index trading at 93.76 (-0.56%).

Strength meter (today so far) - Euro +0.44%, Franc -0.37%, Yen +0.58%, GBP +0.29%

Strength meter (since last week) - Euro +1.35%, Franc +1.10%, Yen +0.40%, GBP +2.18%

EUR/USD -

Trading at 1.141

Trend meter -

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

Support -

• Long term - 1.048-1.036, Medium term - 1.065-1.06, Short term - 1.106, Immediate - 1.118-1.115

Resistance -

• Long term - 1.175-1.18, Medium term - 1.155-1.16, Short term - 1.14-1.145, Immediate - 1.135-1.138 (broken)

Economic release today -

• Euro group to discuss on Greece, Cyprus and Portugal

Commentary -

• Euro is up on dovish FOMC, but remain trapped under Greek crisis.

GBP/USD -

Trading at 1.59

Trend meter -

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

Support -

• Long term - 1.425-1.417, Medium term - 1.497-1.49, Short term - 1.518-1.512, Immediate - 1.548-1.545

Resistance -

• Long term - 1.592-1.616, Medium term - 1.595, Short term - 1.595

Economic release today -

• UK retail sales rose 4.6% in May on yearly basis.

Commentary -

• Pound is the best performer this week, rose sharply as FOMC commentary pushed dollar down. However 1.6 area is likely to provide strong resistance.

USD/JPY -                      

Trading at 122.9

Trend meter -

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

Support -

• Long term - 113.7-112.9, Medium term - 115.7-115, Short term - 119, Immediate - 122.2-122.6

Resistance -

• Long term - 130, Medium term - 127.5, Short term - 127.5. Immediate - 123.6

Economic release today -

• NIL

Commentary -

• Despite today's gain, Yen remains sell against dollar, likely to weaken further against Euro and Pound.

USD/CHF -

Trading at 0.917

Trend meter -

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

Support -

• Long term - 0.88, Medium term - 0.917-0.913, Short term - 0.90, Immediate - 0.925 (broken)

Resistance -

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

Economic release today -

• NIL

Commentary -

• Franc is performing well and likely to keep doing well as safe haven flows are going into Swiss economy amid Greek crisis. However over the longer horizon, Franc remains sell against dollar.