Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs


Commentary: Nothing New. PE

The US Dollar (.DXY) Index at 93.33 is trading lower as expected but could be ranged within the 93-94 for the next 2-sessions.

EUR (Euro) at 1.1803 moved up to test 1.1825 as expected, and could dip to 1.1750 near term. Trade within 1.1730-1.1850 is seen in the coming sessions.

USD/JPY at 112.465 is trading in the 113.25-112.00 zone. As I mentioned Tuesday, the sideways consolidation may continue for now. And,thereafter a fall below 112.

Sterling (GBP) at 1.3194 could test at 1.3250-1.3300 while trading above 1.3100.

AUD  (Aussie) at 0.7780 can test to 0.77, but at the same time prices are attempting a rise to 0.7850 too. Overall near term trade within 0.7850-0.77 is seen.

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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