Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing

$DXY$EUR$GBP$JPY

Commentary: Nothing New. PE

The US Dollar (.DXY) Index at 93.51 broke below support 93.68, it may bounce from 93.3, or fall to 92.8. A clear break below 92.8 has .DXY Bearish medium term.

EUR (Euro) at 1.1792 broke resistance at 1.175 and tested 1.18. A clear break of 1.181 take it to 1.19. A break there has the single currency Bullish medium term.

USD/JPY at 109.96 is running to long term resistance 111. A test of 111/112 should bring a dip.

EUR/JPY at 129.66 is testing Key resistance at 129.5-130.0. The pair could move to test 131.0-131.5. A clear break of 131.5 has it Bullish medium term.

Sterling (GBP) at 1.3427, GBP moving to resistance at 1.345, then at 1.345 should dip. But, a clear break there may drive it to 1.355-1.360.

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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