8.25 EURUSD Daily Review & Outlook
Wednesday 8.25, for the past 24 hours:
• EURUSD has risen 12 pips against the previous day close; hit target set yesterday.
• ↑ 37.9 pips High & Low extreme move, vs. 51.3 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session WEAK 3.0 -> 2.9 WEAK of late session
• EUR in early session WEAK 2.9 -> 6.0 MEDIUM of late session
Market Focus & Moods:
• There wasn't much in the news to highlight any new catalyst for the run higher in reopening and risk trades. But commodity currencies did rise, and CHF JPY USD fell. 2 days left before Powell's speech on Friday afternoon.
• Wednesday, 8am LON German Ifo Business Climate, afternoon 1:30pm US Durable Goods Orders.
Next Step:
• Keep watching the movement above 1.1750, if the price stand above 1.1765 firmly, there are only soft resistances till 1.1800 then 1.1830. 1st Support 1.1742, 2nd support 1.1725. I am open to close, consider current is still testing strong resistance zone.
BTW, CFTC CoT Report is integrated to Currency meters. At the right top corners of each currency strength meter, you can find the net positions of pair, which are abstract directly from CFTC CoT report as of most recent Tuesday. Net Positions only include Non-commercial category, with bracket () shows the changes from last week.
Once CFTC release the report, it will auto update each Friday after 18:00 LON.
LiveStream Link: youtube.com/channel/UCL3SUB3b04s2SjSKTzmXjTQ
• EURUSD has risen 12 pips against the previous day close; hit target set yesterday.
• ↑ 37.9 pips High & Low extreme move, vs. 51.3 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session WEAK 3.0 -> 2.9 WEAK of late session
• EUR in early session WEAK 2.9 -> 6.0 MEDIUM of late session
Market Focus & Moods:
• There wasn't much in the news to highlight any new catalyst for the run higher in reopening and risk trades. But commodity currencies did rise, and CHF JPY USD fell. 2 days left before Powell's speech on Friday afternoon.
• Wednesday, 8am LON German Ifo Business Climate, afternoon 1:30pm US Durable Goods Orders.
Next Step:
• Keep watching the movement above 1.1750, if the price stand above 1.1765 firmly, there are only soft resistances till 1.1800 then 1.1830. 1st Support 1.1742, 2nd support 1.1725. I am open to close, consider current is still testing strong resistance zone.
BTW, CFTC CoT Report is integrated to Currency meters. At the right top corners of each currency strength meter, you can find the net positions of pair, which are abstract directly from CFTC CoT report as of most recent Tuesday. Net Positions only include Non-commercial category, with bracket () shows the changes from last week.
Once CFTC release the report, it will auto update each Friday after 18:00 LON.
LiveStream Link: youtube.com/channel/UCL3SUB3b04s2SjSKTzmXjTQ
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