10.18 EURUSD Daily Review & Outlook
10.18 Monday, for the past 24 hours:
• EURUSD has risen 2 pips against the previous day close; Missed target set yesterday, stay below target area.
• ↑ 30.8 pips High & Low extreme move, vs. 50.8 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session MEDIUM 4.2 -> 4.1 MEDIUM of late session
• EUR in early session MEDIUM 6.0 -> 3.9 MEDIUM of late session
Market Focus & Moods:
• The US retail sales report was a strong surprise but the market reaction was minimal. US Dollar wasn't stronger, while Yields rose all the way out the curve, esp. the front end. EUR/USD was chopping as it ranged between 1.1590 and 1.1610, tapping each edge three times and then finishing the day nearly flat.
• Monday, morning LDN 3am CN GDP, Ind. Production, Retail Sales;
Afternoon, 2:15pm US Manuf. / Industrial Production ; 3pm US NAHB Housing Market Index;
Next Step:
• Due to uninspiring Economic Calendar on Monday, I expect a test:
- Resistances 1st 1.1613, 2nd 1.1625, 3rd 1.1640;
- Support at 1st 1.1590-1585 (strong), 2nd 1.1570, 3rd 1.1562;
- Close around 1.1604~1.1629 area.
• EURUSD has risen 2 pips against the previous day close; Missed target set yesterday, stay below target area.
• ↑ 30.8 pips High & Low extreme move, vs. 50.8 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session MEDIUM 4.2 -> 4.1 MEDIUM of late session
• EUR in early session MEDIUM 6.0 -> 3.9 MEDIUM of late session
Market Focus & Moods:
• The US retail sales report was a strong surprise but the market reaction was minimal. US Dollar wasn't stronger, while Yields rose all the way out the curve, esp. the front end. EUR/USD was chopping as it ranged between 1.1590 and 1.1610, tapping each edge three times and then finishing the day nearly flat.
• Monday, morning LDN 3am CN GDP, Ind. Production, Retail Sales;
Afternoon, 2:15pm US Manuf. / Industrial Production ; 3pm US NAHB Housing Market Index;
Next Step:
• Due to uninspiring Economic Calendar on Monday, I expect a test:
- Resistances 1st 1.1613, 2nd 1.1625, 3rd 1.1640;
- Support at 1st 1.1590-1585 (strong), 2nd 1.1570, 3rd 1.1562;
- Close around 1.1604~1.1629 area.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.