Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing


Commentary: USD weakness halted?. PE

The US Dollar (.DXY) Index at 93.57 to test resistance on the 3 day at 93.75-94.00, seen as resistance on daily.. This could prove to be a Key mark, from where a dip to 93 may be expected.

EUR (Euro) at 1.18 heading to support at 1.1775 on the 3 day. The same support is seen on the daily and 3 day lines, indicating a bounce, once 1.1775 is marked.

USD/JPY at 112.42 dropped Wednesday on to a rise in Japanese 10 year yields, it has once again resumed its move to 113. A dip from near term resistance at 113.5 on the daily line could be seen with simultaneous dip of .DXY.

Sterling (GBP) at 1.3382 is close to testing support at 1.335 on the daily, from where a bounce may happen, taking it back to 1.35 soon.

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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