Wednesday 8.4, for the past 24 hours:
• EURUSD has dropped 4 pips against the previous day close; missed target set yesterday, and test support area.
• ↓ 39.8 pips High & Low extreme move, vs. 56.8 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session WEAK 2.1 -> 4.2 MEDIUM of late session
• EUR in early session MEDIUM 5.1 -> 2.0 WEAK of late session
Market Focus & Moods:
• It is a similar day as yesterday, not much important movement, but US bond rates keep lower, US 10 Year Bond closed to July lowest level. Risk trading keep low. Less economic data give direction. EURUSD dropped and tested key support 1.1860-50.
• Wednesday morning, EU Markit Services PMI, 10am EU Retail Sales, 1:15pm US ADP Employment, 3pm US ISM Services PMI.
Next Step:
• I have no bias for xxx, upside resistance 1.1880, downside 1st key support area 1.1850-1860, 2nd support 1.1836.
• EURUSD has dropped 4 pips against the previous day close; missed target set yesterday, and test support area.
• ↓ 39.8 pips High & Low extreme move, vs. 56.8 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session WEAK 2.1 -> 4.2 MEDIUM of late session
• EUR in early session MEDIUM 5.1 -> 2.0 WEAK of late session
Market Focus & Moods:
• It is a similar day as yesterday, not much important movement, but US bond rates keep lower, US 10 Year Bond closed to July lowest level. Risk trading keep low. Less economic data give direction. EURUSD dropped and tested key support 1.1860-50.
• Wednesday morning, EU Markit Services PMI, 10am EU Retail Sales, 1:15pm US ADP Employment, 3pm US ISM Services PMI.
Next Step:
• I have no bias for xxx, upside resistance 1.1880, downside 1st key support area 1.1850-1860, 2nd support 1.1836.
