Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs


Commentary: Nothing New. PE

US Dollar (.DXY) Index at 99.04 is hanging just above the make or break support at 98.50, it requires a rise above 99.35 for a confirmed Key reversal signal.

EUR at 1.0867 has come off its highs after being rejected from the major resistance at 1.0950, keeping open the possibility of a Southward correction to 1.0824 and then 1.0700.

Sterling at 1.2913 moved up after consolidation in the 1.2864-1.27730 area, and now while the upward momentum continues, could see a move towards 1.30 near term.

USD/JPY at 111.16 is holding below 1st resistance near 112 and could trade in the 112-111 area for 1-2 sessions before coming off towards 110.50. The 1st support is seen near 110 as I said  Thursday.

AUD (Aussie) at 0.7475 is stuck near support at 0.7450. there could be a bounce towards 0.75 in the next 2-sessions.

Have a terrific weekend.


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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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