Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing

$DXY, $EUR, $JPY, $GBP, $AUD, $CNY

Commentary: USD Undecided But Holding Up Under Pressure. PE

EUR (Euro) at 1.167  trading higher and might try to test 1.1725-45 Tuesday

The US Dollar (.DXY) Index at 94.49 has support at 94.35-20, with chances of new rise towards 95+ in the next couple of weeks, maybe.

USD/JPY at 113.64 remains Bullish. With support at 113.00 have to see whether there will be a clear break past 114.00 now or not.

EUR/JPY at 132.64 trades higher, and if it tries to rise towards 134, it might pull USD/JPY up with it.

Sterling (GBP) at 1.3115 dipped to 1.3061 Monday but did not test 1.3000. Look for an overall range of 1.30-32 over the next few sessions with fresh Bullishness.

AUD (Aussie) at 0.7634 may see a rise to 0.77 if 1st support at 0.7600 holds. Or, in case of a break below 0.76, it can dip to 0.75.

USD/CNY at 6.6418 hesitating is rise past 6.65. Let us see if it continues to remain above 6.6250 over the next few sessions.

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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