Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing


Commentary: USD bouncing off lows in here. PE

The US Dollar (.DXY) Index at 89.33 seeing a move to 90. It should test Key resistance just above 90 on the weekly and daily candles.

EUR (Euro) at 1.2385 is coming off highs to support at 1.235, which it may test in 2-3 sessions, more support is seen near 1.23 on the weekly, which could be tested this week.

The USD/JPY at 106.72 saw a low of 105.55 from where it bounced. Its next target is 107.0-107.5.

The EUR/JPY at 132.17 is testing Key support at 132 on the 3-Day candle.

Note: For the EUR/JPY to break Key support, EUR should test 1.23 later this week, if the USD/JPY stays below 107.5.

Sterling (GBP) at 1.3975 is dipping, and may now test 1st support at 1.39 soon. Test of support near 1.38 on daily and 3-Day candles is also possible this week.

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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