9.9 EURUSD Daily Review & Outlook
9.9 Thursday , for the past 24 hours:
• EURUSD has dropped 30 pips against the previous day close; stay below the target range set yesterday.
• ↓ 49.1 pips High & Low extreme move, vs. 46.8 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session MEDIUM 6.0 -> 5.1 MEDIUM of late session
• EUR in early session WEAK 2.7 -> 3.8 MEDIUM of late session
Market Focus & Moods:
• That hodgepodge of data helped to send the dollar up - mainly on the back of the better JOLTs data and some technical buying of the greenback. The abrupt reversal in the US dollar today likely has market participants feeling off balance. The setup going into tomorrow is uncertain.
• Thursday, Besides important events to watch the ECB, None of them are strong driver, US there's initial jobless claims, a 30-year sale and speeches from Evans, Daly and Kaplan as we close in on Saturday's blackout.
Next Step:
• Due to high uncertainty I expect a wild range movement:
- Resistances up to 1.1860;
- Support lower to 1.1763;
- Close around open area. ;)
Watch Capt.Z and his fellows' lively discussion on tomorrow's ECB Rate decision at t.me/cTraderClub
• EURUSD has dropped 30 pips against the previous day close; stay below the target range set yesterday.
• ↓ 49.1 pips High & Low extreme move, vs. 46.8 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session MEDIUM 6.0 -> 5.1 MEDIUM of late session
• EUR in early session WEAK 2.7 -> 3.8 MEDIUM of late session
Market Focus & Moods:
• That hodgepodge of data helped to send the dollar up - mainly on the back of the better JOLTs data and some technical buying of the greenback. The abrupt reversal in the US dollar today likely has market participants feeling off balance. The setup going into tomorrow is uncertain.
• Thursday, Besides important events to watch the ECB, None of them are strong driver, US there's initial jobless claims, a 30-year sale and speeches from Evans, Daly and Kaplan as we close in on Saturday's blackout.
Next Step:
• Due to high uncertainty I expect a wild range movement:
- Resistances up to 1.1860;
- Support lower to 1.1763;
- Close around open area. ;)
Watch Capt.Z and his fellows' lively discussion on tomorrow's ECB Rate decision at t.me/cTraderClub
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