Friday 6.25, for the past 24 hours: • EURUSD has raised 3 pips against the previous day close; • ↑ 39 pips High & Low extreme move, vs. 67.3 pips of 22 days Average Range. Strength (0~10) Comparison: • USD in early session MEDIUM 4.5 -> 5.1 MEDIUM of late session • EUR in early session MEDIUM 5.9 -> 3.9 MEDIUM of late session Market Focus & Moods: • ...
Thur. 6.24 For the Past Trading Day: • EURUSD has dropped 12 pips against previous day close • ↓ 59 pips High & Low extreme move, vs. 67.3 pips of 22 day Average Range. Strength (0~10) Comparison: • USD in early session WEAK 3.5 -> 5.1 MEDIUM of late session • EUR in early session MEDIUM 5.5 -> 3.5 WEAK of late session Market Focus & Moods: • The USD...
Wed. 6.23 For the Past Trading Day: • EURUSD has raised 24 pips against previous day close • ↑ 72 pips High & Low extreme move, vs. 67.6 pips of 22 day Average Range. Strength (0~10) Comparison: • USD in early session STRONG 6.7-> 2.1 WEAK of later session • EUR in early session MEDIUM 4.5 -> 6.1 MEDIUM of later session Market Focus & Moods: • Tuesday The...
For the Past Trading Day: • EURUSD has raised 59pips against previous day close • ↑ 74 pips High & Low extreme move, vs. 67.3 pips of 22 day Average Range. Strength (0~10) Comparison: • USD in early session STRONG 6.7 -> 1.8 WEAK of later session • EUR in early session MEDIUM 6.3 -> 4.1 MEDIUM of later session Market Focus & Moods: • Monday Early session,...
For the Past Trading Day: • EURUSD has 78 pips High/Low movement, vs. 67 pips of 22 day Average Range. Strength (0~10) Comparison: • USD in early session MEDIUM 5.8 -> 8.2 STRONG of later session • EUR in early session MEDIUM 5.9 -> 5.8 MEDIUM of later session Market Focus & Mood: • Friday main indices dropped. US 30 Year Yields dropped to 2.0%, Yields...
EURUSD will go up to 1.23 in recent days.
EU has a bearish trend. So, target 1.1626.
Up or down... Will Powell keep soft on Yield rising or give new information about market concerns?
This whole morning, EU had been testing the down neckline around 1.1923, but failed; and furthermore, EU has not responded to ECP increasing PEPP headlines. I'll see potential 90 pips chance to go up.
It's a soft week to start, except Wednesday, Thursday we have US CPI and ECB Rate decision. Monday and Tuesday I expect some bounce off from current level.
EU has been ready to move down today, after Powell's speech.
After yesterday's breakthrough 1.2060-2040, nothing will stop EU to continue fall to next target 1.1930.
If EU can hold this area for today, it's more likely to reverse and back to an uptrend. No opening position yet...
Dollars is weak clear after Powell's testify yesterday. And today, the 5-year bond yield jump finished the fix of EU's quick fall, next EU pointing to 1.23.
1. US bond Yield keeps rising, the EU rate keeps negative, buyers not in full control yet; 2. Tech level and range pressure works after the last NFP day fixing done; 3. EU data stay low, and vaccine delay.
From today's movement pattern, the EU back to uptrend again.
Triple top, have to say, it's going down now....