Wed 6.30, for the past 24 hours:
• EURUSD has dropped 30 pips against the previous day close; hit 1st target of yesterday with more down break and pull back.
• ↓ 52 pips High & Low extreme move, vs. 62.6 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session STRONG 7.5 -> 6.8 STRONG of late session
• EUR in early session MEDIUM 4.5 -> 4.2 MEDIUM of late session
Market Focus & Moods:
• The greenback is clawing back some losses from last week as it trades to a near one-week high against the major currencies bloc. The action so far is keeping with the post-FOMC range so we'll have to see what comes next with month-end action tomorrow.
• Wednesday, morning European countries release job data and CPI, afternoon US ADP Employment Change, it's the end of this month, could be a busy day. Beware!
Next Step:
• I expect a test support area and close around 1.1890 ~ 1.1865 area.
• EURUSD has dropped 30 pips against the previous day close; hit 1st target of yesterday with more down break and pull back.
• ↓ 52 pips High & Low extreme move, vs. 62.6 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session STRONG 7.5 -> 6.8 STRONG of late session
• EUR in early session MEDIUM 4.5 -> 4.2 MEDIUM of late session
Market Focus & Moods:
• The greenback is clawing back some losses from last week as it trades to a near one-week high against the major currencies bloc. The action so far is keeping with the post-FOMC range so we'll have to see what comes next with month-end action tomorrow.
• Wednesday, morning European countries release job data and CPI, afternoon US ADP Employment Change, it's the end of this month, could be a busy day. Beware!
Next Step:
• I expect a test support area and close around 1.1890 ~ 1.1865 area.
