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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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.

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