Currency snapshot (major pairs)

Dollar index trading at 96.90 (+0.66%).

Strength meter (today so far) - Euro -0.75%, Franc -0.56%, Yen +0.45%, GBP -1%

Strength meter (since last week) - Euro -1.31%, Franc -0.89%, Yen +0.57%, GBP -0.83%

EUR/USD -

Trading at 1.096

Trend meter -

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

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 -

• Greece failed to present any new proposal to Euro group today.

Commentary -

• Euro broke further down as deal still remains eluded, likely to trade further down.

GBP/USD -

Trading at 1.543

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(broken)

Resistance -

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

Economic release today -

• Industrial production grew by 2.1% in May from a year ago, but manufacturing is down by -0.6% on monthly basis.

Commentary -

• Pound is down sharply today as Yields dropped at sharp pace.

USD/JPY -                      

Trading at 122.1

Trend meter -

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

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 -

• NIL

Commentary -

• Yen is top performer today, amid risk aversion.

USD/CHF -                                                                                         

Trading at 0.948

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 inflation rose by 0.1% in June, but down -1% from a year ago.

Commentary -

• Franc is down against dollar and likely to remain so.