Forex Morning Briefing

Forex Morning Briefing


Commentary: USD fails to gain traction despite positive signs of inflation. PE

EUR (Euro) at 1.2077 held above the 1.1997 support Friday and may move up to 1.2150, while trading  above 1.20. A clear break below 1.20 sets up test to 1.19, but not negating rise to 1.2150.

USD/JPY at 112.82 did not break below 112 Friday and may try to test at 113.00-50 on the bounce

EUR/JPY at 136.22 rose past resistance at 135.70 Friday. This opens up chances of a rise to 1.38, after the long sideways consolidation between 132-134.

Sterling (GBP) at 1.3562 trades higher and may well rise past 1.36 in here.

AUD (Aussie) at 0.7852) seems to be breaking above the 200-wk MA, and may rise to 0.80.

Have a terrific week.

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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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