9.17 EURUSD Daily Review & Outlook
9.17 Friday, for the past 24 hours:
• EURUSD has dropped 48 pips against the previous day close;
• ↓ 70.2 pips High & Low extreme move, vs. 45.9 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session STRONG 7.0 -> 8.2 STRONG of late session
• EUR in early session WEAK 1.9 -> 6.2 MEDIUM of late session
Market Focus & Moods:
• The better data sent the dollar higher today along with interest rates. The US dollar is ending the session as the strongest of the major currencies.
• Friday, light slate of data, morning 10am LDN European CPI;
Afternoon, 3pm US Michigan Consumer Sentiment
Next Step:
• Due to Quadruple Witching day tomorrow, I expect a test:
- Resistances 1st 1.1775, 2nd 1.1793, 3rd 1.1800;
- Support at 1st 1.1763, 2nd 1.1750, 3rd 1.1735;
- Close around 1.1750~ 1.1775 area.
• EURUSD has dropped 48 pips against the previous day close;
• ↓ 70.2 pips High & Low extreme move, vs. 45.9 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session STRONG 7.0 -> 8.2 STRONG of late session
• EUR in early session WEAK 1.9 -> 6.2 MEDIUM of late session
Market Focus & Moods:
• The better data sent the dollar higher today along with interest rates. The US dollar is ending the session as the strongest of the major currencies.
• Friday, light slate of data, morning 10am LDN European CPI;
Afternoon, 3pm US Michigan Consumer Sentiment
Next Step:
• Due to Quadruple Witching day tomorrow, I expect a test:
- Resistances 1st 1.1775, 2nd 1.1793, 3rd 1.1800;
- Support at 1st 1.1763, 2nd 1.1750, 3rd 1.1735;
- Close around 1.1750~ 1.1775 area.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.