8.9 EURUSD Daily Review & Outlook
Monday 8.9, for the past Friday:
• EURUSD has dropped 74 pips against the previous day close; hit target set for Friday.
• ↓ 81 pips High & Low extreme move, vs. 56.4 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session MEDIUM 6.1 -> 9.2 STRONG of late session
• EUR in early session MEDIUM 4.2 -> 3.8 MEDIUM of late session
Market Focus & Moods:
• NFP number better than expected, stock and US dollar both rise, gold fell in one way direction.
• Monday, morning light data for European session, afternoon 3pm US JOLTS Job Openings.
Next Step:
• I expect dollar keep momentum to break 1.1750 low of July, and test 1.1725 soft support close around 1.1750 ~ 1.175 area, with a range up and down.
• EURUSD has dropped 74 pips against the previous day close; hit target set for Friday.
• ↓ 81 pips High & Low extreme move, vs. 56.4 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session MEDIUM 6.1 -> 9.2 STRONG of late session
• EUR in early session MEDIUM 4.2 -> 3.8 MEDIUM of late session
Market Focus & Moods:
• NFP number better than expected, stock and US dollar both rise, gold fell in one way direction.
• Monday, morning light data for European session, afternoon 3pm US JOLTS Job Openings.
Next Step:
• I expect dollar keep momentum to break 1.1750 low of July, and test 1.1725 soft support close around 1.1750 ~ 1.175 area, with a range up and down.
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