Forex Morning Briefing
$DXY, $EUR, $GBP, $JPY, $AUD
Commentary: Again, .DXY wedkened, EUR strengthened. PE
The US Dollar (.DXY) Index at 94.71, seen testing support at 94.5 on daily lines and candles. 94.2 is also an important support mark which could slow the current fall in .DXY. A break below 94.2 would be Bearish near term.
EUR (Euro) at 1.1656): A migration deal between EU leaders has strengthened the Euro single currency, It has tested resistance at 1.169-1.170 on daily candles. While trading below 1.17, it could again dip back to 1.155. But, a clear above 1.17 could make it Bullish to 1.183-1.185 near term.
USD/JPY at 111.00 broke above major resistance at 110.75 to test a high at 111. The May high a 111.40 is an important mark now, a clear break there makes USD/JPY Bullish.
EUR/JPY at 129.40 is testing resistance in here, and could move up to 130 this week. A clear break above 130.30 would be Bullish.
Sterling (GBP) at 1.3180, weakness in the USD could be reflected Vs GBP this week. And GBP could move to resistance at 1.33, a clear break there is Bullish going forward. But, if it breaks lower, then medium term could be Bearish, stay focused.
Have a terrific 4th of July Freedom Week