Forex Morning Briefing
$DXY, $EUR, $GBP, $JPY, $AUD
Commentary: Nothing new. PE
The US Dollar (.DXY) Index at 94.19 could move to support at 94 Wednesday. A clear break below 94 for .DXY correspond with a break above 1.176 for EUR. If that happens ,DXY could become Bearish to 93.44.
EUR (Euro) at 1.1731 saw 1.169 and bounced to 1.174. If it moves above 1.176, it could turn Bullish to 1.185. This Bullish move can occur.
USD/JPY at 111.09 moved towards 111.50 but was halted at 111.4 It is now testing resistances and looks set for a dip. The global flight towards safe-haven assets could trigger a down turn in the pair.
EUR/JPY at 130.32 if the pair ends the week below 130.25 the chances of a down-move next week increases. Need to see close above 130.25 to change from Bearish to Bullish.
Sterling (GBP) at 1.3261 could test resistance 1.33 Wednesday. I see it at 1.32 by Friday.