Currency snapshot (major pairs)

Dollar index trading at 93.33 (-0.11%)

Strength meter (today so far) – Euro +0.14%, Franc +0.12%, Yen +0.35%, GBP -0.15%

Strength meter (since last week) – Euro +0.38%, Franc -0.04%, Yen +0.24%, GBP -0.08%

EUR/USD –

Trading at 1.181

Trend meter –

• Long term – Buy, Medium term – Buy, Short term – Breakout/ Buy

Support          

• Long term – 1.12, Medium term – 1.14, Short term – 1.16

Resistance –

• Long term – 1.22, Medium term – 1.19, Short term – 1.19

Economic release today –

• NIL

Commentary –

• The euro is consolidating below key resistance around 1.19 area. Active Call: target reached at 1.19

GBP/USD –

Trading at 1.301

Trend meter –

• Long term – Sell, Medium term – Buy, Short term – Sell

Support –

• Long term – 1.26, Medium term – 1.275, Short term – 1.293

Resistance –

• Long term – 1.345, Medium term – 1.32, Short term – 1.32

Economic release today –

• NIL

Commentary –

• The pound is consolidating within range.

USD/JPY –           

Trading at 110.4

Trend meter –

• Long term – Sell, Medium term – sell, Short term – Range/Sell

Support –

• Long term – 107, Medium term – 108.4, Short term – 110

Resistance –

• Long term – 116, Medium term – 114.2, Short term – 114.2

Economic release today –

• Eco watchers survey outlook declined to 50.3 in July.
• Current assessment index declined to 49.7

Commentary –

• The yen is struggling around key resistance 110 area. Down over NFP report.

USD/CHF –

Trading at 0.973

Trend meter –

• Long term – Buy, Medium term – Range/sell, Short term – Range/Sell

Support –

• Long term – 0.90, Medium term – 0.92, Short term – 0.95

Resistance –

• Long term – 1.04, Medium term – 1.01, Short term – 0.987

Economic release today –

• The unemployment rate came at 3.2 percent in July.

Commentary –

• Franc remains a much weaker performer compared to the euro. Active call – sell pair targeting 0.92

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