Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing


Commentary: Nothing new. PE

The US Dollar (.DXY) Index at 89.99 sees 1st resistance 90.10-90.15. A breach of that would mean a test of higher resistance at 91 and a fall after.

EUR (Euro) at 1.2307 marked a low of 1.2282 Monday and might fall to 1.225 this week. As mentioned Monday, this could happen alongside .DXY breaching the 13-Wks MA and moving to 91.

USD/JPY at 105.93 dipped further after having testing resistance at 106.93 last week. The 13-Days MA line on the daily line might make it pause in here, but see a test of support 104.5 next week.

EUR/JPY at 130.38 has dipped to 130 and might now move to support near 129.5-129.0 on the daily candles. A test of 1.225 by the single currency, and 105.5 by USD/JPY yields a target of 129.24 for the pari this week.

Sterling (EUR) at 1.4057 pause in its move South to support at 1.395-1.390. We expect it to test this support next week

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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