Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing


Commentary: Nothing new. PE

The US Dollar (.DXY) Index at 95.08 tested at 95.41 Wednesday and has then dipped. And can now move to the 21-Days MA at 94.67 which correspond with a rise in EUR to 1.1715.

EUR (Euro) at 1.1644 saw a low of 1.1602 Wednesday. The support has held and the single currency may now try to 1.1715 important resistance. A clear break above 1.1715 suggests a medium term bottom is in place, and a rise to 1.18+.

USD/JPY at 112.74 seeing resistance at 113. A clear break below 112.2-112.3 could be Bearish with at target at 114.

EUR/JPY at 131.29 respects resistance at 131.58, and is paused below 113. A rise to 1.17 on EUR could help the pair rise above 131.58 next week.

Sterling (GBP) at 1.3071 saw a low at 1.3010 Wednesday and seeing support at 1.305 . A move to 1.295-1.290 is seen ahead making GBP Bearish in here.

Stay tuned…

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