Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs


Commentary: Keep an eye on the German-US T 10yr spread, which had indicated a rise in Euro in the last couple of sessions.PE

EUR (Euro) at 1.1873 could move to 1.1950 as long as the yield spread remains higher.

US Dollar (.DXY) Index at 92.84 is headed towards 92.50 now, and looks Bearish near term.

Note: The move South has come in faster than expected, and a clear break below 92.50 could turn .DXY Bearish towards 92 medium term.

USD/JPY at 112.374 is unable to give any directional clarity in here. So, while the price tries to break below 112.00, it could head towards 111.50, or a move back to 113.00-113.25 is possible.

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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