Currency snapshot (major pairs)

Dollar index trading at 95.26 (-0.06%).

Strength meter (today so far) - Euro +0.14%, Franc -0.10%, Yen -0.32%, GBP -0.02%

Strength meter (since last week) - Euro -0.27%, Franc -0.23%, Yen -0.29%, GBP +0.43%

EUR/USD -

Trading at 1.13

Trend meter -

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

Support

• Long term - 1.048-1.036, Medium term - 1.065-1.06, Short term - 1.08-1.085

Resistance -

• Long term - 1.175-1.18, Medium term - 1.15, Short term - 1.15

Economic release today -

• Construction output rose by 1% in July from June.

Commentary -

• Euro consolidating ahead of FOMC today.

GBP/USD -

Trading at 1.55

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,

Resistance -

• Long term - 1.592-1.616, Medium term - 1.585, Short term - 1.543-1.545 (broken)

Economic release today -

• Retail sales rose by 3.7% in August from a year ago.

Commentary -

• Pound is the only currency trading green against Dollar this week so far. Focus is on FOMC. Active call - Sell Pound targeting 1.44 area with stop loss around 1.58 area.

USD/JPY -                      

Trading at 120.9

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 - 118

Resistance -

• Long term - 130, Medium term - 127.5, Short term - 124.5

Economic release today -

• BOJ will release monetary policy minutes at 23:50 GMT.

Commentary -

• S&P downgrade is weighing on Yen, which is the worst performer today. Active call - Sell USD/JPY targeting 114.7 area with stop loss around 122

USD/CHF -                                                                                         

Trading at 0.971

Trend meter -

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

Support -

• Long term - 0.88, Medium term - 0.90, Short term - 0.93

Resistance -

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

Economic release today -

• SNB kept policy steady.

Commentary -

• Franc is likely to gain further clarity after today's FOMC rate decision.