10.21 EURUSD Daily Review & Outlook
10.21 Thursday, for the past 24 hours:
• EURUSD has risen 18 pips against the previous day close; hit target set yesterday, and stay above target area.
• ↑ 41.7 pips High & Low extreme move, vs. 50 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session MEDIUM 5.1 -> 1.7 WEAK of late session
• EUR in early session MEDIUM 4.9 -> 2.9 WEAK of late session
Market Focus & Moods:
• Another day with decent risky trades. Gold and Oil are both lifted up. US Bond Yields moves steeper, esp. far end 10Year breaks June high. FX commodity currencies gains, and USD JPY EUR lag.
• Thursday, morning LDN 7:45am FR Business Confidence; 3pm EU Consumer Confidence;
Afternoon, 1:30pm US Ini. Jobless Claims; 3pm US Existing Home Sales.
Next Step:
• Due to risky trades dominate the market, I expect a test:
- Resistances 1st 1.1670, 2nd 1.1685, 3rd 1.1702; and open mind…
- Support at 1st 1.1642, 2nd 1.1622;
- Close around 1.1675~ 1.1650 area.
• EURUSD has risen 18 pips against the previous day close; hit target set yesterday, and stay above target area.
• ↑ 41.7 pips High & Low extreme move, vs. 50 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session MEDIUM 5.1 -> 1.7 WEAK of late session
• EUR in early session MEDIUM 4.9 -> 2.9 WEAK of late session
Market Focus & Moods:
• Another day with decent risky trades. Gold and Oil are both lifted up. US Bond Yields moves steeper, esp. far end 10Year breaks June high. FX commodity currencies gains, and USD JPY EUR lag.
• Thursday, morning LDN 7:45am FR Business Confidence; 3pm EU Consumer Confidence;
Afternoon, 1:30pm US Ini. Jobless Claims; 3pm US Existing Home Sales.
Next Step:
• Due to risky trades dominate the market, I expect a test:
- Resistances 1st 1.1670, 2nd 1.1685, 3rd 1.1702; and open mind…
- Support at 1st 1.1642, 2nd 1.1622;
- Close around 1.1675~ 1.1650 area.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.