EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – February 1, 2018

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Published: Feb 1, 2018, 08:54 UTC

EUR/USD The pair has been trading between the 1.24 and 1.25 regions over the last 24 hours and it is expected that the pair would continue to be under

Tuesday Support and Resistance Levels – December 19, 2017

EUR/USD

The pair has been trading between the 1.24 and 1.25 regions over the last 24 hours and it is expected that the pair would continue to be under pressure in the short term as the anticipation builds up over the direction that the dollar would be taking. The NFP data coming in from the US tomorrow is expected to support the dollar. …Read More

GBP/USD

The pair has been buoyant over the last few days and this continues for the last 24 hours as well as the pair made a brief look over the 1.42 region only to drop back later in the day. It is likely to come under pressure in the short term as the focus shifts to the dollar. …Read More

AUD/USD

The pair has come under pressure as the dollar begins to gain in strength during the last 24 hours. The FOMC minutes came in slightly more hawkish than what was expected and this has given the boost for the dollar all across the board. …Read More

USD/JPY

The pair did not suffer from too much impact on the release of the ADP employment report or on the release of the FOMC meeting minutes late in the day yesterday. It was a quiet day yesterday but it is likely to get volatile as we look forward to data from the US. …Read More

About the Author

Colin Firstauthor

Colin specializes in developing trading strategies and analyze financial instruments both technically and fundamentally. Colin holds a Bachelor of Engineering From Milwaukee University.