Tuesday 7.27, for the past 24 hours:
• EURUSD has risen 34 pips against the previous day close;
• ↑ 53.8 pips High & Low extreme move, vs. 54.4 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session WEAK 2.3 -> 1.8 WEAK of late session
• EUR in early session MEDIUM 5.9 -> 3.8 MEDIUM of late session
Market Focus & Moods:
• The dollar dipped in trading today and the stocks moved higher ahead of a number of key large cap earnings this week and the FOMC rate decision. EUR actually is not as strong as GBP or CHF. But still stand above 1.1800, and knocks the gate to continue up trends.
• Tuesday, light economic data in the morning, afternoon, 1:30pm LON US Durable Goods, 3pm US consumer confidence. Investor will find more clue on inflation related, keep an eye on US bonds movement, a little rebounce since last Wednesday.
Next Step:
• I have no bias for EURUSD, upside 1st resistance 1.1828, downside 1st support 1.1800 (weak), and then support area 1.1790~1.1780, 2nd support 1.1763 (strong).
• EURUSD has risen 34 pips against the previous day close;
• ↑ 53.8 pips High & Low extreme move, vs. 54.4 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session WEAK 2.3 -> 1.8 WEAK of late session
• EUR in early session MEDIUM 5.9 -> 3.8 MEDIUM of late session
Market Focus & Moods:
• The dollar dipped in trading today and the stocks moved higher ahead of a number of key large cap earnings this week and the FOMC rate decision. EUR actually is not as strong as GBP or CHF. But still stand above 1.1800, and knocks the gate to continue up trends.
• Tuesday, light economic data in the morning, afternoon, 1:30pm LON US Durable Goods, 3pm US consumer confidence. Investor will find more clue on inflation related, keep an eye on US bonds movement, a little rebounce since last Wednesday.
Next Step:
• I have no bias for EURUSD, upside 1st resistance 1.1828, downside 1st support 1.1800 (weak), and then support area 1.1790~1.1780, 2nd support 1.1763 (strong).
