Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing

$DXY$EUR$GBP$JPY, $AUD

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.

USD/JPY at 112.40 sees resistance 113 which could bring the pair to pause in its rally.

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. 

Stay tuned…

The following two tabs change content below.

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.

You must be logged in to post comments :  
CONNECT WITH