6.28 EURUSD Daily Review & Outlook
Mon 6.28 for last Friday:
• EURUSD has risen 5 pips against the previous day close;
• ↑ 48 pips High & Low extreme move, vs. 66.6 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session MEDIUM 3.9-> 7.1 STRONG of late session
• EUR in early session MEDIUM 5.2 -> 3.8 MEDIUM of late session
Market Focus & Moods:
• The PCE report was the focus of the session and inflation fears were running high. The US dollar slid across the board and hit session lows. The dollar's rebound came as Treasury yields rose to the highest levels of the week. And it is a bit beyond my expectation.
• Monday has a light calendar agenda. Fed's William will give a speech and US Bill auction in the afternoon.
Next Step:
• Though Friday the price did hit my upside target, due to the US yield rebound, trend is not clear, so I have no bias for Monday.
• Upside resistance 1.1960, downside 1st soft support area 1.1920, 2nd support area 1.1885~1.1870
• EURUSD has risen 5 pips against the previous day close;
• ↑ 48 pips High & Low extreme move, vs. 66.6 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session MEDIUM 3.9-> 7.1 STRONG of late session
• EUR in early session MEDIUM 5.2 -> 3.8 MEDIUM of late session
Market Focus & Moods:
• The PCE report was the focus of the session and inflation fears were running high. The US dollar slid across the board and hit session lows. The dollar's rebound came as Treasury yields rose to the highest levels of the week. And it is a bit beyond my expectation.
• Monday has a light calendar agenda. Fed's William will give a speech and US Bill auction in the afternoon.
Next Step:
• Though Friday the price did hit my upside target, due to the US yield rebound, trend is not clear, so I have no bias for Monday.
• Upside resistance 1.1960, downside 1st soft support area 1.1920, 2nd support area 1.1885~1.1870
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