Commentary: Nothing new. PE
The US Dollar (.DXY) Index at 94.545, as he 34-Day MA on the daily line is support at 94.40. Want to see a rise in the EUR to 1.175 that implies that .DXY could break above or below that support, We wait.
EUR (Euro) at 1.1707 moved up Monday, marking a high 1.1725, and could test 1.175 in Tuesday. Resistance is at 1.176-1.177, will likely bring a dip.
EUR/JPY at 131.61 the 55 Wk MA at 131.58 may some resistance to pair in its move to 133.
Sterling (GBP) 1.3232 tested resistance Monday marking 1.3293 and dipped. A dip to 1.305 seen later the week or by early next week, 1.305 is important support, which when broken makes GBP Very Bearish.
Latest posts by Paul Ebeling (see all)
- Staying Healthy in Winter - December 13, 2018
- US Congress Quietly Passed a Law that Likely Signals a ‘Boom’ for the $1-B Cannabis-based CBD Industry - December 12, 2018
- Ferrari (NYSE:RACE) Will Burn Hedge Fund Managers - December 12, 2018