Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing


Commentary: Nothing new. PE

The US Dollar’s (.DXY) Index at 89.96 downward could get confirmed if it dips from here. Some resistance could be provided by the 13-Wks MA on the weekly line, but a breach there means a test of higher resistance near 91 and then a dip.

EUR (Euro) at 1.2321 may drop to test support at 1.225 this week. And, that would imply a break of 1s  support at 1.23, which could happen with .DXY breaching the 13-Wks MA.

USD/JPY at 106.34 is moving in a downward channel, and has dipped after testing resistance at 106.93. It could dip lower this week to 106.0-105.5.

EUR/JPY at 131.02 after testing resistance at 131.5-132.0 last week, we may see a dip to support at 130 this week.

Sterling (GBP) at 1.4045 broke support last week and should now find support 1.395-1.390 this week, it could bounce there.

Have a terrific week.

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