Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing


Commentary: USD continues to weaken. PE

EUR (Euro) at 1.2458 rose overnight to test the resistance on the weekly line. The previous high of 1.2537 is the next resistance. If a clear break there, then see 1.2600 and 1.2670. There is chance of a dip from 1.2537. Will wait to see.

USD/JPY target at 106.50 met. There is immediate support at 106.00 and then more support at 105.50, Note: A break below 105.50 could be Very Bearish.

EUR/JPY at 132.67 saw a low of 132.35, just above our target of 132. The pair take on more Bearishness while trading below 133 and 134.

Note: Confirmation is needed by a break below 132.00-131.50 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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