Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing

$DXY, $EUR, $JPY, $GBP, $AUD

Commentary: Nothing new. PE

The US Dollar (.DXY) Index at 90.077 marked a high at 90.28 Tuesday breaching resistance at 90.10..DXY is trading near 90.10 now. It might move to resistance near 91 in here.

EUR (Euro) at 1.2281 marked a low at 1.2254 day Tuesday testing 1st support, there is still some room for a move to 1.2225. A break there implies medium term Bearishness.

USD/JPY at 106.47  paused, and bounced, and could test resistance at 106.9 in here,  then a dip could be expected.

EUR/USD at 130.76 has not dipped to support at 129.5-129.0 due to JPY’s sudden strength Tuesday, there is resistance at 131 which should bring a dip.

Note: There is resistance on USD/JPY at 106.9 too, and room for EUR to move to 1.2225.

Sterling (GBP) at 1.4088 has found support, but is likely to move down short term to support at 1.395-1.390.

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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