Commentary: Nothing new. PE
The US Dollar (.DXY) Index at 95.01 bounced Tuesday and is now looking Bullish to 95.5, and its prior high at 95.53 is a Key mark. A a clear break there is Bullish USD.
EUR (Euro) at 1.1653 moved up to 1.1745 Tuesday, but dipped before testing resistance at 1.176-1.177. A test of support at 1.16 is likely.
USD/JPY at 112.93 is breaking above resistance at 112.9. Looking at the 3-Day line, a test of 114 look imminent this week. Bullishness in the Nikkei suggests that the pair could remain Bullish to 115 in here.
EUE/JPY at 131.60, as 131.58 is still good resistance to the pair in its move to 133. This resistance should break soon as the USD/JPY moves to 114.
Sterling (GBP at 1.3110 fell Tuesday to 1.3070. It is testing horizontal support, which might hold a bit longer, before a break of support happens. GBP looks Bearish medium term.
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