8.3 EURUSD Daily Review & Outlook
Tuesday 8.3, for the past 24 hours:
• EURUSD has risen 3 pips against the previous day close; missed target set yesterday, US dollars down and up.
• ↑ 38 pips High & Low extreme move, vs. 58.1 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session MEDIUM 3.5 -> 6.0 STRONG of late session
• EUR in early session STRONG 7.2 -> 4.0 MEDIUM of late session
Market Focus & Moods:
• First day of August, all pairs keep steady, US dollars down and up. US bonds rate falls again, risk trading aversion rose as US stock falls negative. EURUSD failed to touch yesterday's high, but hold low since last Friday.
• Tuesday no heavy economic data all day, Fed's Bowman speech 7pm LON, and US vehicle sales in the evening to sense if US consumption keeps steady.
Next Step:
• I have no bias for EURUSD, for buyers they need hold above 1.1860 100hours SMA, upside 1st resistance 1.1885 (weak) 2nd resistance 1.1910 (Strong) , downside 2nd support area 1.1830.
• EURUSD has risen 3 pips against the previous day close; missed target set yesterday, US dollars down and up.
• ↑ 38 pips High & Low extreme move, vs. 58.1 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session MEDIUM 3.5 -> 6.0 STRONG of late session
• EUR in early session STRONG 7.2 -> 4.0 MEDIUM of late session
Market Focus & Moods:
• First day of August, all pairs keep steady, US dollars down and up. US bonds rate falls again, risk trading aversion rose as US stock falls negative. EURUSD failed to touch yesterday's high, but hold low since last Friday.
• Tuesday no heavy economic data all day, Fed's Bowman speech 7pm LON, and US vehicle sales in the evening to sense if US consumption keeps steady.
Next Step:
• I have no bias for EURUSD, for buyers they need hold above 1.1860 100hours SMA, upside 1st resistance 1.1885 (weak) 2nd resistance 1.1910 (Strong) , downside 2nd support area 1.1830.
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