Forex Morning Briefing
$DXY, $EUR, $GBP, $JPY
Commentary: Nothing new. PE
The US Dollar (.DXY) at 93.79 saw a high near 93.8 Friday and is continuing to trade there. A dip might be restricted support at 93.4-93.5. There is a good chance of a .DXY test at 95 in this week or next week.
EUR (Euro) at 1.1753 might test to 1.155 if .DXY tests near 95. The 89-Wks MA for the single currency could produce a bounce is at 1.145. Any Northside correction may be restricted at 1.18.
USD/JPY at 111.03 marked a high at 111.07 and is trading near there now. currently, as the revised upside target is at 112, which corresponds with Key long term resistance.
EUR/JPY at 130.49 looks like it could test resistance at 131.5 in this week, then dip to support at 129 soon.
Sterling (GBP) at 1.3453 could see ranging within 1.345 and 1.36. If GBP breaks support at 1.34 it would turn Bearish.
Have a terrific week,
Latest posts by Paul Ebeling (see all)
- S&P Sees Dubai Property Prices Dropping to Marks Seen in 2010 - March 29, 2020
- Investors Turn the Most Bearish Since February 2009 - March 29, 2020
- President Trump’s Fed has Brought the Global Financial System Back from the Edge - March 29, 2020