9.13 Monday, for the past 24 hours on Friday:
• EURUSD has dropped 12 pips against the previous day close; hit target set Thursday.
• ↓ 41.5 pips High & Low extreme move, vs. 46.6 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session MEDIUM 4.0 -> 8.2 STRONG of late session
• EUR in early session MEDIUM 4.0 -> 4.2 MEDIUM of late session
Market Focus & Moods:
• Friday early session, 'Risk' FX and equity markets liked the fresh US-China dialogue. In the late session, US stock indices turned down and selling intensifies into the close. Bonds market, which yields edged up on Friday and converging up since beginning of August.
• Monday very light econ. data. Morning, 7am LDN German Wholesale Prices, afternoon 4pm US Consumer inflation Expectations.
Next Step:
• Due to EURUSD's falling momentum I expect a test:
- Resistances 1st 1.1830;
- Support at 1st 1.1800, 2nd 1.1792, 3rd 1.1763 (strong);
- Close around 1.1800~ 1.1775 area.
• EURUSD has dropped 12 pips against the previous day close; hit target set Thursday.
• ↓ 41.5 pips High & Low extreme move, vs. 46.6 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session MEDIUM 4.0 -> 8.2 STRONG of late session
• EUR in early session MEDIUM 4.0 -> 4.2 MEDIUM of late session
Market Focus & Moods:
• Friday early session, 'Risk' FX and equity markets liked the fresh US-China dialogue. In the late session, US stock indices turned down and selling intensifies into the close. Bonds market, which yields edged up on Friday and converging up since beginning of August.
• Monday very light econ. data. Morning, 7am LDN German Wholesale Prices, afternoon 4pm US Consumer inflation Expectations.
Next Step:
• Due to EURUSD's falling momentum I expect a test:
- Resistances 1st 1.1830;
- Support at 1st 1.1800, 2nd 1.1792, 3rd 1.1763 (strong);
- Close around 1.1800~ 1.1775 area.
