Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing


Commentary: Nothing New. PE

The US Dollar (.DXY) Index at 93.43 could move South to 93. Support at 92.8-92.6 could be important, a clear break below that is the 1st sign of a Bearish .DXY ahead.

EUR (Euro) at 1.1797 is likely to see a to 1.1875 in here, 1.19 could be important resistance, a clear break at 1.19 and beyond have the single currency Bullish medium term.

USD/JPY at 109.49 seen moving to 109 in here, then a bounce to 109.75. A clear break of 109 has the pair Bearish ahead.

EUR/JPY at 129.17 is dipping implying that the move from resistance may not be fast. We wait, we watch.

Sterling (GBP) at 1.3415 dipped after testing resistance at 1.347 last week. GBP looks Bearish to 1.33-1.32 in here.

Have a terrific week

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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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