Wed. 6.23 For the Past Trading Day:
• EURUSD has raised 24 pips against previous day close
• ↑ 72 pips High & Low extreme move, vs. 67.6 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session STRONG 6.7-> 2.1 WEAK of later session
• EUR in early session MEDIUM 4.5 -> 6.1 MEDIUM of later session
Market Focus & Moods:
• Tuesday The FX market was lively today as the dollar continues to give back gains. The general risk trade improved throughout the day. Fed talks show that no really urgency to hike rates or taper. EURUSD tested and break 100 hours SMA, and hold the position, consolidate gains at close and as we expected it run into my target area set yesterday.
• Wednesday, there's European Markit Services PMI releasing in early session, Fed's talk and ECB's president Lagarde speech in the later afternoon. We shall see some lively movement.
Next Step:
• Dollar may keep giving back gains since last week, and some volatility.
• I expect a test towards 1.2000 and close around 1.2005 ~ 1.1980 area.
• EURUSD has raised 24 pips against previous day close
• ↑ 72 pips High & Low extreme move, vs. 67.6 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session STRONG 6.7-> 2.1 WEAK of later session
• EUR in early session MEDIUM 4.5 -> 6.1 MEDIUM of later session
Market Focus & Moods:
• Tuesday The FX market was lively today as the dollar continues to give back gains. The general risk trade improved throughout the day. Fed talks show that no really urgency to hike rates or taper. EURUSD tested and break 100 hours SMA, and hold the position, consolidate gains at close and as we expected it run into my target area set yesterday.
• Wednesday, there's European Markit Services PMI releasing in early session, Fed's talk and ECB's president Lagarde speech in the later afternoon. We shall see some lively movement.
Next Step:
• Dollar may keep giving back gains since last week, and some volatility.
• I expect a test towards 1.2000 and close around 1.2005 ~ 1.1980 area.
