Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs


Commentary: Nothing New. PE

US Dollar (.DXY) Index at 99.04 is hanging just above the make or break support at 98.50, it requires a rise above 99.35 for a confirmed Key reversal signal.

EUR at 1.0867 has come off its highs after being rejected from the major resistance at 1.0950, keeping open the possibility of a Southward correction to 1.0824 and then 1.0700.

Sterling at 1.2913 moved up after consolidation in the 1.2864-1.27730 area, and now while the upward momentum continues, could see a move towards 1.30 near term.

USD/JPY at 111.16 is holding below 1st resistance near 112 and could trade in the 112-111 area for 1-2 sessions before coming off towards 110.50. The 1st support is seen near 110 as I said  Thursday.

AUD (Aussie) at 0.7475 is stuck near support at 0.7450. there could be a bounce towards 0.75 in the next 2-sessions.

Have a terrific weekend.


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