Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing

$DXY$EUR$GBP$JPY, $AUD

Commentary: Nothing really new. PE

The US Dollar (.DXY) Index at 94.62 is respecting support here, and could rise to 95.0-95.5-96.0. But a clear break below 94.1 is required to negate a rise to 95-96.

EUR (Euro) at 1.1678 is trading quietly in anticipation of the ECB meet Thursday ranged within 1.174 – 1.165. A clear break above 1.175 opens up 1.185 and a clear break below 1.165 open up supports at 1.16 and 1.145.

USD/JPY at 111.30 continues to trade above support at 111. There is resistance 112.5, which might cap the move. But, i it breaks, then higher resistance near 114 is the traget.

EUR/JPY at 129.99 the pair has not seen much movement, but it could move lower to support 129.6 yet this week.

Sterling  (GBP) at 1.3141 moved up slightly and could to 1.32 this week, major support is seen at 1.3115. A  clear break there confirm medium term Bearishness.

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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