8.26 EURUSD Daily Review & Outlook
Thursday 8.26, for the past 24 hours:
• EURUSD has risen 17 pips against the previous day close; hit target set yesterday.
• ↑ 48.1 pips High & Low extreme move, vs. 51 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session MEDIUM 5.3 -> 1.9 WEAK of late session
• EUR in early session MEDIUM 5.0 -> 6.2 MEDIUM of late session
Market Focus & Moods:
• Risky moods continue, supported by Indices consolidating up, oil price keeps rising up and we finally see Bonds' Yields had a decent rise today. All thing towards a weak Dollars' performance this week. DXY is now sitting on the edge of fall, and one day left before Powell's speech on Jackson Hole.
• Thursday, 7am LON German Consumer Confidence, 1:30pm US GDP, Ini. Jobless Claims; late afternoon bill & note's auction as well.
Next Step:
• I expect a test 1st 1.1780-90 medium resistance, 2nd resistance would be above 1.1810;
• 1.1765 turns to be a strong support now. And It would close around 1.1810~ 1.1785 area.
• EURUSD has risen 17 pips against the previous day close; hit target set yesterday.
• ↑ 48.1 pips High & Low extreme move, vs. 51 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session MEDIUM 5.3 -> 1.9 WEAK of late session
• EUR in early session MEDIUM 5.0 -> 6.2 MEDIUM of late session
Market Focus & Moods:
• Risky moods continue, supported by Indices consolidating up, oil price keeps rising up and we finally see Bonds' Yields had a decent rise today. All thing towards a weak Dollars' performance this week. DXY is now sitting on the edge of fall, and one day left before Powell's speech on Jackson Hole.
• Thursday, 7am LON German Consumer Confidence, 1:30pm US GDP, Ini. Jobless Claims; late afternoon bill & note's auction as well.
Next Step:
• I expect a test 1st 1.1780-90 medium resistance, 2nd resistance would be above 1.1810;
• 1.1765 turns to be a strong support now. And It would close around 1.1810~ 1.1785 area.
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