Forex Morning Briefing
$DXY, $EUR, $GBP, $JPY, $AUD
Commentary: .DXY weakened, EUR stronger. PE
The US Dollar (.DXY) Index at 94.195 has moved lower to support 94.1-94.0. Prefer this support to hold, if it does not, the next target is 93.
EUR (Euro) at 1.1717 moved past the 21-Day MA at 1.167 Monday and will likely test trendline resistance at 1.1725, if it breaks this resistance, it may become Bullish to 1.185.
USD/JPY at 109.45 continues to trade slightly below support on the daily candles. A further dip below 109.2-109.0 indicate the beginning of JPY strength medium term. Support near 107 on 3-Day Line could be tested later.
EUR/JPY at 128.23 seeing support 127.5, and resistance 129.5-130.0, the pair might break below 127.5 this week. Seeing a downtrend to 1.24 out there.
Sterling (GBP) at 1.3257 could rise to 1.335 in here, then dip to 1.32-1.31. My target is support 1.30 in here.