Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing

$DXY$EUR$GBP$JPY

Commentary: Nothing New. PE

US Dollar (.DXY) Index at 93.73 rose Monday and has seen 93.89 Tuesday, and now could move lower, targeting  93.0-92.8 this week.

EUR (Euro) at 1.1766 has seen lows near 1.174 Tuesday, now looks like it could rise to 1.1875-1.1900 in this week, 1.19 is major resistance.

USD/JPY at 110.24 turned Bullish, and can rise this week targeting important resistance at 111.5.

EUR/JPY at 129.70 holding near 129.5-130.0, the pair may test higher to 131 this week.

Sterling (GBP) at 1.3364 is moving to 1.33 after testing at 1.347 last week. GBP looks Bearish to 1.33-1.32. Support at 1.31 is Key, a clear break there could lead to medium term Bearishness.

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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