9.17 EURUSD Daily Review & Outlook
9.17 Friday, for the past 24 hours:
• EURUSD has dropped 48 pips against the previous day close;
• ↓ 70.2 pips High & Low extreme move, vs. 45.9 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session STRONG 7.0 -> 8.2 STRONG of late session
• EUR in early session WEAK 1.9 -> 6.2 MEDIUM of late session
Market Focus & Moods:
• The better data sent the dollar higher today along with interest rates. The US dollar is ending the session as the strongest of the major currencies.
• Friday, light slate of data, morning 10am LDN European CPI;
Afternoon, 3pm US Michigan Consumer Sentiment
Next Step:
• Due to Quadruple Witching day tomorrow, I expect a test:
- Resistances 1st 1.1775, 2nd 1.1793, 3rd 1.1800;
- Support at 1st 1.1763, 2nd 1.1750, 3rd 1.1735;
- Close around 1.1750~ 1.1775 area.
• EURUSD has dropped 48 pips against the previous day close;
• ↓ 70.2 pips High & Low extreme move, vs. 45.9 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session STRONG 7.0 -> 8.2 STRONG of late session
• EUR in early session WEAK 1.9 -> 6.2 MEDIUM of late session
Market Focus & Moods:
• The better data sent the dollar higher today along with interest rates. The US dollar is ending the session as the strongest of the major currencies.
• Friday, light slate of data, morning 10am LDN European CPI;
Afternoon, 3pm US Michigan Consumer Sentiment
Next Step:
• Due to Quadruple Witching day tomorrow, I expect a test:
- Resistances 1st 1.1775, 2nd 1.1793, 3rd 1.1800;
- Support at 1st 1.1763, 2nd 1.1750, 3rd 1.1735;
- Close around 1.1750~ 1.1775 area.
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