6.21 EURUSD Daily Review & Outlook
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 Curve's flatten quickly. US dollar kept momentum after Fed's Bullard continued the hawkish talk.
• Monday has a few official talks, ECB's president Lagarde LON 15:00, and Fed's officials later.
Forecast for Next Step:
• US dollar keeps momentum but volatility would be soften, new low would be possible.
• I expect a medium rebounce and close around 1.1870 ~1.1840 area.
• 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 Curve's flatten quickly. US dollar kept momentum after Fed's Bullard continued the hawkish talk.
• Monday has a few official talks, ECB's president Lagarde LON 15:00, and Fed's officials later.
Forecast for Next Step:
• US dollar keeps momentum but volatility would be soften, new low would be possible.
• I expect a medium rebounce and close around 1.1870 ~1.1840 area.
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