• Currency snapshot (major pairs)

    Source: FxWire Pro - Commentary / 25 Jun 2018 08:49:18   America/New_York

    Dollar index trading at 94.31 (+0.18%)

    Strength meter (today so far) – Euro +0.37%, Franc +0.00%, Yen +0.28%, GBP +0.27%

    Strength meter (since last week) – Euro +0.37%, Franc +0.00%, Yen +0.28%, GBP +0.27%

    EUR/USD –

    Trading at 1.169

    Trend meter –

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

    Support          

    • Long term – 1.12, Medium term – 1.16, Short term – 1.16 (testing)

    Resistance –

    • Long term – 1.25, Medium term – 1.22, Short term – 1.2

    Economic release today –

    • NIL

          Commentary –

    • The euro is gaining further grounds against the dollar as ECB QE end nears. Active Call - Sell Euro at 1.218 with 1.17 as target; target revised lower to 1.14

    GBP/USD –

    Trading at 1.328

    Trend meter –

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

    Support –

    • Long term – 1.24, Medium term – 1.27, Short term – 1.3

    Resistance –

    • Long term – 1.39 Medium term – 1.37, Short term – 1.35

    Economic release today –

    • NIL

    Commentary –

    • The pound is up this week on a weaker dollar. Active call-  short term sell at 1.413 targeting 1.375 (target reached); extended to 1.354 (target reached); extended to 1.3

    USD/JPY –           

    Trading at 109.6

    Trend meter -

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

    Support –

    • Long term – 101, Medium term – 104.2, Short term – 106.2

    Resistance –

    • Long term – 111, Medium term – 111, Short term – 109 (broken)

    Economic release today –

    • NIL

    Commentary –

    • The yen is up on weak dollar and risk aversion.

    USD/CHF –

    Trading at 0.987

    Trend meter –

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

    Support –

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

    Resistance –

    • Long term – 1.03, Medium term – 1.00, Short term – 1.00

    Economic release today –

    • NIL

    Commentary –

    • Franc is flat this week, contrasting with euro amid risk aversion.

     

     

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