Friday 8.13, for the past 24 hours: • EURUSD has dropped 9 pips against the previous day close; • ↓ 24.6 pips High & Low extreme move, vs. 49.7 pips of 22 day Average Range.
Strength (0~10) Comparison: • USD in early session STRONG 8.0 -> 7.1 STRONG of late session • EUR in early session MEDIUM 6.0 -> 7.0 STRONG of late session
Market Focus & Moods: • Except Cable struggles to find a floor, nothing else spark the day. • Friday, morning light consumer data for European, afternoon 1:30pm US import/export, 3pm Michigan Consumer Sentiment Index
Next Step: • I expect the consolidation of retracement continue, keep searching clues for next step. So I will hold no bias. • Same as yesterday, upside 1st resistance 1.1754, 2nd resistance 1.1765-1.1770, 3rd up to 1.1795; downside 1st support 1.1725, then 1.1700 strong support area. Open guess for close area, maybe higher than opening price.