Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing


Commentary: Nothing new. PE

US Dollar (.DXY) Index at 95.245 looks Bullish to resistance at 95.6-95.8 in here. A clear break there open the path to 96, which corresponds with EUR testing support at 1.145.

EUR (Euro) at 1.1561 broke below 1.16 last week, now seeing 1.1508 in here. A clear break below 1.1508 opens up support at 1.145 on the single currency.

USD/JPY at 111.33 sees 1st support at 111, then at 110.5. While trading above 110.5, it may move 113 . Seeing 113 tested soon

EUR/JPY at 128.73 broke support and could move to 128.0-127.5 in here before testing 127 next.

Note: 127.0-127.2 is important long term support on the weekly line, a clear break there would be Very Bearish the pair

Sterling (GBP) at 1.2995 broke below support at 1.3050 no matter the rate hike by the BoE. A move to 1.290-1.288 is in sight now.

Have a terrific week

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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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