| The EURUSD, USDJPY and GBPUSD are analyzed in the morning forex technical report. The ECB raised rates by 75 basis points as expected, but the bias is lower. The EURUSD is trading above and below the parity level with support target at 0.9951. ON the topside, the 100 day MA did a good job of stalling the rise at 1.0088. It would take a move above that level to give the buyers more control. Right now the sellers are more in control in the short term. The USDJPY is seeing a rebound after a few days of technical selling (without intervention). Technicals led the way lower but today there is a rebound off the lows. The GBPUSD moved to and through a swing area and backed off. There is good support starting at the 1.1495 area and down to 1.13595. On the topside getting back above 1.1598 to 1.1620 are the targets. |
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