Currency snapshot (major pairs)

Dollar index trading at 95.24 (-0.03%).

Strength meter (today so far) - Euro -0.06%, Franc -0.28%, Yen +0.18%, GBP +0.14%

Strength meter (since last week) - Euro -1.28%, Franc -2.01%, Yen -0.80%, GBP -0.91%

EUR/USD -

Trading at 1.12

Trend meter -

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

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 - 1.129-1.132

Economic release today -

• NIL

Commentary -

• Euro almost flat as no solution is reached on Greece yet.

GBP/USD -

Trading at 1.572

Trend meter -

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

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 -

• According to CBI survey sales are down in June but outlook remains bright.

Commentary -

• Pound has performed well today, however remains almost flat as market awaits Greek resolution.

USD/JPY -                      

Trading at 123.6

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 - 124.4

Economic release today -

• CPI and unemployment is scheduled at 23:30 GMT.

Commentary -

• Yen lost further ground against dollar as policy divergence is back in focus.

USD/CHF -

Trading at 0.936

Trend meter -

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

Support -

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

Resistance -

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

Economic release today -

• NIL

Commentary -

• Franc is the worst performer this week, down more than 2% against dollar so far. Franc remains sell against dollar. SNB's Jordon said Franc remains overvalued.