Currency snapshot (major pairs)

Dollar index trading at 95.89 (-0.03%).

Strength meter (today so far) - Euro +0.02%, Franc -0.36%, Yen -0.35%, GBP +0.02%

Strength meter (since last week) - Euro +0.02%, Franc -0.36%, Yen -0.35%, GBP +0.02%

EUR/USD -

Trading at 1.12

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, Immediate - 1.109

Resistance -

• Long term - 1.175-1.18, Medium term - 1.15, Short term - 1.132

Economic release today -

• Euro zone services PMI dropped to 53.7 in September compared to 54 prior.
• Sentix investor confidence for October came at 11.7 in September compared to 13.6 in September.
• Euro zone retail sales grew 2.3% in August from a year ago but failed to grow on monthly basis.

Commentary -

• Euro's initial rise got soured at 1.129 and Euro now has fallen past 1.12 psychological support.

GBP/USD -

Trading at 1.517

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 - 1.572, Immediate - 1.524-1.526

Economic release today -

• UK services PMI dropped to 53.3 in September compared to 55.6 in August.

Commentary -

• Pound is struggling around 1.52 area for further clarity over next move. Active call - Sell Pound targeting 1.44 area with stop loss around 1.58 area.

USD/JPY -                      

Trading at 120.3

Trend meter -

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

Support -

• Long term - 113.7-112.9, Medium term - 116-115, Short term - 118.6

Resistance -

• Long term - 130, Medium term - 126, Short term - 121.7, Immediate - 120.5

Economic release today -

• NIL

Commentary -

• Yen has failed to break the congestion to the downside for the pair USD/JPY on Friday, focus on BOJ monetary policy this week. Active call - Sell USD/JPY targeting 114.7 area with stop loss around 122.

USD/CHF -                                                                                         

Trading at 0.975

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 -

• NIL

Commentary -

• Franc is the worst performer today, as demand for safe haven waned among equity buying... Active Call - Buy USD/CHF with target around 1.03 area and stop around 0.95 area.