Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

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

Commentary: Nothing New. PE

The US Dollar (.DXY) Index at 93.548 faced rejection from 94, while that holds, .DXY could come off towards 93.26-93.00 near term.

EUR (Euro) at 1.1771 moved above 1.1750. the low of 1.1668 tested Friday could possibly be the near term low this week, and if prices remain above 1.1700, the single currency could head to 1.1850.

USD/JPY at 112.677 has been ranged within 113.30-112.3o for the last 9 sessions unable to decide which direction to go. The pair is likely to continue to trade within that frame for a few more session trying to move up to 113.00 and higher. A break on either side is needed for clarity on its movement.

Sterling (GBP) at 1.3158 bounced from 1.30, now seeing a rise to 1.3275 in here. Near term looks Bullish to me.

AUD (Aussie) at 0.7786 may test to 0.7700 before starting to move up again. Trade within 0.78-0.77 looks likely near term.

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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