10.19 EURUSD Daily Review & Outlook
10.19 Tuesday, for the past 24 hours:
• EURUSD has risen 11 pips against the previous day close; hit target set yesterday.
• ↑ 50.6 pips High & Low extreme move, vs. 49.9 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session STRONG 8.0 -> 3.7 MEDIUM of late session
• EUR in early session STRONG 7.8 -> 6.8 STRONG of late session
Market Focus & Moods:
• A quite day, with little change. Global equities mixed. EUR, USD, NZD stay strong side. GBP lag.
• Tuesday, morning 10am EU Construction Output; 1-3pm EU ECB Official speeches;
Afternoon, 1:30pm US Building Permits; 4-8pm US Fed Official speeches;
Next Step:
• Due to many central bank officials' speeches, I expect a test:
- Resistances 1st 1.1625, 2nd 1.1640, 3rd 1.1654;
- Support at 1st 1.1602, 2nd 1.1590-1.1585, 3rd 1.1572;
- Close around 1.1660~ 1.1635 area.
• EURUSD has risen 11 pips against the previous day close; hit target set yesterday.
• ↑ 50.6 pips High & Low extreme move, vs. 49.9 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session STRONG 8.0 -> 3.7 MEDIUM of late session
• EUR in early session STRONG 7.8 -> 6.8 STRONG of late session
Market Focus & Moods:
• A quite day, with little change. Global equities mixed. EUR, USD, NZD stay strong side. GBP lag.
• Tuesday, morning 10am EU Construction Output; 1-3pm EU ECB Official speeches;
Afternoon, 1:30pm US Building Permits; 4-8pm US Fed Official speeches;
Next Step:
• Due to many central bank officials' speeches, I expect a test:
- Resistances 1st 1.1625, 2nd 1.1640, 3rd 1.1654;
- Support at 1st 1.1602, 2nd 1.1590-1.1585, 3rd 1.1572;
- Close around 1.1660~ 1.1635 area.
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