Currency snapshot (major pairs)

Dollar index trading at 96.11 (+0.60%).

Strength meter (today so far) - Euro -0.49%, Franc -1.19%, Yen -0.55%, GBP -0.43%

Strength meter (since last week) - Euro +0.30%, Franc -0.24%, Yen +1.25%, GBP -0.01%

EUR/USD -

Trading at 1.108

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 - 1.08-1.085

Resistance -

• Long term - 1.175-1.18, Medium term - 1.155-1.16, Short term - 1.14-1.145, Immediate - 1.125-1.132

Economic release today -

• Euro zone manufacturing PMI rose further to 52.5 in June.

Commentary -

• Euro dropped sharply against dollar as resistance held around 1.125 area. Euro is likely to drop from here, however Sunday's referendum might provide better entry.

GBP/USD -

Trading at 1.561

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 - 1.518-1.512, Immediate - 1.548-1.545

Resistance -

• Long term - 1.592-1.616, Medium term - 1.595, Short term - 1.595, Immediate - 1.582

Economic release today -

• UK manufacturing PMI dropped to 51.5 in June.

Commentary -

• Pound has broken the congestion to downside, further slide is likely.

USD/JPY -                      

Trading at 123.1

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 - 119.7, Immediate - 122

Resistance -

• Long term - 130, Medium term - 127.5, Short term - 127.5. Immediate - 124.4

Economic release today -

• Japan's manufacturing PMI for June came at 50.1

Commentary -

• Yen is losing its charm as risk aversion subsides.

USD/CHF -                                                                                         

Trading at 0.946

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 -

• Swiss PMI remained in neutral zone of 50 in June.

Commentary -

• Franc is the worst performer against dollar today and remains further sell against dollar.