9.16 Thursday, for the past 24 hours:
• EURUSD has risen 11 pips against the previous day close; missed target set yesterday, due to 1.1800 proved to be a concrete wall.
• ↑ 33 pips High & Low extreme move, vs. 46.3 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session WEAK 2.1 -> 3.2 WEAK of late session
• EUR in early session MEDIUM 5.0 -> 3.1 WEAK of late session
Market Focus & Moods:
• FX market has very little change since yesterday. But outside FX, market moods are more constructive.
• Thursday, morning 7am LND EU New Car Registration, 10am Trade Balance;
Afternoon, 1:30pm US Ini. Jobless Claims / Retail Sales ; 3:00 US Business Inventories.
Next Step:
• Due to 1.1800 is a concrete wall, I expect a test:
- Resistances 1st 1.1822, 2nd 1.1835, 3rd 1.1850 (strong);
- Support at 1st 1.1812, 2nd 1.1800 (strong);
- Close around 1.1850 ~ 1.1825 area.
• EURUSD has risen 11 pips against the previous day close; missed target set yesterday, due to 1.1800 proved to be a concrete wall.
• ↑ 33 pips High & Low extreme move, vs. 46.3 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session WEAK 2.1 -> 3.2 WEAK of late session
• EUR in early session MEDIUM 5.0 -> 3.1 WEAK of late session
Market Focus & Moods:
• FX market has very little change since yesterday. But outside FX, market moods are more constructive.
• Thursday, morning 7am LND EU New Car Registration, 10am Trade Balance;
Afternoon, 1:30pm US Ini. Jobless Claims / Retail Sales ; 3:00 US Business Inventories.
Next Step:
• Due to 1.1800 is a concrete wall, I expect a test:
- Resistances 1st 1.1822, 2nd 1.1835, 3rd 1.1850 (strong);
- Support at 1st 1.1812, 2nd 1.1800 (strong);
- Close around 1.1850 ~ 1.1825 area.
