Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs


Commentary: Nothing New. PE

EUR (Euro) at 1.1850 down from 1.1878 to 1.1825, within the uptrend targeting 1.1950+. Intra-day support at 1.1825 and at 1.1800. Longs preferred in here.

US Dollar (.DXY) Index at 92.96 hit my target and possible to break below 1st support near that mark, which may and may not break easily.

USD/JPY at 112.08 drifted lower, trying to break below 112.00, see 111.80 then 111.50. Appears ranged between 111.50-113.00 medium term.

EUR/JPY at 132.85 has good support at 132.50, which can push the Cross up towards 134+. Let us look to see this happen

Sterling (GBP) a 1.3275 has been up over the last few days, coming close to target at 1.33. Long-term resistance seen in the 1.34-45 zone.

USD/CNY at 6.5805 could come down more towards 6.55 over the next few days, which might be a good mark bounce from.

Have a terrific weekend.

The following two tabs change content below.

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.

You must be logged in to post comments :