Thursday 7.29, for the past 24 hours:
• EURUSD has risen 26 pips against the previous day close; hit target before 7pm LON set yesterday.
• ↑ 77.1 pips High & Low extreme move, vs. 58.8 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session STRONG 7.0 -> 1.2 WEAK of late session
• EUR in early session WEAK 3.0 -> 5.1 MEDIUM of late session
Market Focus & Moods:
• Dollars fake rise and fell eventually. That's all. EURUSD has 77.1 pips from low to top of the day, that's the most high rise in the past 2 weeks, and closed to near top area. Other currencies have similar rise against USD.
• Thursday, 8:55am LON German Unemployment, 10am EU Consumer Confidence, 1pm German CPI, 1:30pm US GDP and Initial Jobless Claims. Could be a busy day.
Next Step:
• I expect a test upside resistance 1.1885 - 1.1875 area, support at 1.1830 and close around 1.1890 ~ 1.1865 area.
• EURUSD has risen 26 pips against the previous day close; hit target before 7pm LON set yesterday.
• ↑ 77.1 pips High & Low extreme move, vs. 58.8 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session STRONG 7.0 -> 1.2 WEAK of late session
• EUR in early session WEAK 3.0 -> 5.1 MEDIUM of late session
Market Focus & Moods:
• Dollars fake rise and fell eventually. That's all. EURUSD has 77.1 pips from low to top of the day, that's the most high rise in the past 2 weeks, and closed to near top area. Other currencies have similar rise against USD.
• Thursday, 8:55am LON German Unemployment, 10am EU Consumer Confidence, 1pm German CPI, 1:30pm US GDP and Initial Jobless Claims. Could be a busy day.
Next Step:
• I expect a test upside resistance 1.1885 - 1.1875 area, support at 1.1830 and close around 1.1890 ~ 1.1865 area.
