9.1 EURUSD Daily Review & Outlook

9.1 Wednesday, for the past 24 hours:
• EURUSD has risen 11 pips against the previous day close; hit target set yesterday, but pull back the major part of the day.
• ↑ 49.7 pips High & Low extreme move, vs. 47.4 pips of 22 day Average Range.

Strength (0~10) Comparison:
• USD in early session WEAK 2.5 -> 6.2 MEDIUM of late session
• EUR in early session STRONG 7.5 -> 4.2 MEDIUM of late session

Market Focus & Moods:
• End of August, US dollars fall in the early session, and EURUSD stopped at strong 3rd resistance, then fall due to USD end of month back liquidation. All other market are in consolidation, major pairs up and down following Dollars' rhythm.
• Wednesday many eco. data; morning, 7am LON DE Retail Sales, 8-9am Markit Manufacturing PMIs, 10am European Unemployment; Afternoon, 1:15 US ADP Employment Change, 2:45 US Markit Manuf. PMI; 3pm US ISM Manuf. PMI

Next Step:
• Due to dollar's bounce back, I expect a test :
- Resistances again 1st 1.1827, 2nd 1.1845;
- Support at 1st 1.1795-1.1790 zone, 2nd 1.1775;
- Close around 1.1820 - 1.1795 area.