8.19 EURUSD Daily Review & Outlook
Thursday 8.19, for the past 24 hours:
• EURUSD has dropped 2 pips against the previous day close; hit/missed target set yesterday, but rebound/pull back not enough as expected.
• ↑ 49 pips High & Low extreme move, vs. 52.1 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session STRONG 7.0 -> 7.1 STRONG of late session
• EUR in early session MEDIUM 5.8 -> 5.7 MEDIUM of late session
Market Focus & Moods:
• Risk aversion keeps going up, stock indices lower. FOMC minutes suggest taper this year, not exact Sept, make dollars drop, but recovered some. In the end of the day, US Dollars down and up, consolidate the gain this week.
• Thursday, Morning European has light economic data, afternoon 1;30pm Initial Jobless Claims. Dollars may keep rally, keep watching stock indices and any news to boots risk aversion.
Next Step:
• I keep the same view as yesterday, a test lower support 1st 1.1685 and 2nd 1.1655 , upside 1.1725; close above 1.1650
• EURUSD has dropped 2 pips against the previous day close; hit/missed target set yesterday, but rebound/pull back not enough as expected.
• ↑ 49 pips High & Low extreme move, vs. 52.1 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session STRONG 7.0 -> 7.1 STRONG of late session
• EUR in early session MEDIUM 5.8 -> 5.7 MEDIUM of late session
Market Focus & Moods:
• Risk aversion keeps going up, stock indices lower. FOMC minutes suggest taper this year, not exact Sept, make dollars drop, but recovered some. In the end of the day, US Dollars down and up, consolidate the gain this week.
• Thursday, Morning European has light economic data, afternoon 1;30pm Initial Jobless Claims. Dollars may keep rally, keep watching stock indices and any news to boots risk aversion.
Next Step:
• I keep the same view as yesterday, a test lower support 1st 1.1685 and 2nd 1.1655 , upside 1.1725; close above 1.1650
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