8.10 EURUSD Daily Review & Outlook
Tuesday 8.10, for the past 24 hours:
• EURUSD has dropped 25 pips against the previous day close; hit target set yesterday.
• ↓ 34 pips High & Low extreme move, vs. 54.1 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session MEDIUM 4.7 -> 6.7 STRONG of late session
• EUR in early session MEDIUM 4.8 -> 5.1 MEDIUM of late session
Market Focus & Moods:
• Dollars continues rising, US Bond rate rose as well. Gold jumps down.
• Tuesday, weak economic data for both European and US sessions, momentum would continue.
Next Step:
• I expect a test low support 1st 1.1725, 2nd 1.1700, 3rd 1.1675, up resistance at 1.1752-1.1772 and close around 1.1715 ~ 1.1690 area.
• EURUSD has dropped 25 pips against the previous day close; hit target set yesterday.
• ↓ 34 pips High & Low extreme move, vs. 54.1 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session MEDIUM 4.7 -> 6.7 STRONG of late session
• EUR in early session MEDIUM 4.8 -> 5.1 MEDIUM of late session
Market Focus & Moods:
• Dollars continues rising, US Bond rate rose as well. Gold jumps down.
• Tuesday, weak economic data for both European and US sessions, momentum would continue.
Next Step:
• I expect a test low support 1st 1.1725, 2nd 1.1700, 3rd 1.1675, up resistance at 1.1752-1.1772 and close around 1.1715 ~ 1.1690 area.
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