9.23 EURUSD Daily Review & Outlook

9.23 Thursday, for the past 24 hours:
• EURUSD has dropped 34 pips against the previous day close;
• ↓ 71 pips High & Low extreme move, vs. 46.3 pips of 22 day Average Range.

Strength (0~10) Comparison:
• USD in early session MEDIUM 4.0 -> 7.8 STRONG of late session
• EUR in early session MEDIUM 5.5 -> 2.3 WEAK of late session

Market Focus & Moods:
• Risk trading rise in the early session, USD turned to strong after Powell outlines the taper timeline. But EURUSD moved limited range, compared to all strong signals from FOMC and Fed Press conference.
• Thursday, morning LDN 5:30am NE GDP, 8am ES GDP, 8:15-9am FR/DE/EU Markit Services/Manuf. PMI
Afternoon, 1:30pm US Ini. Jobless Claims ; 2:45pm US Markit Services/Manuf. PMI

Next Step:
• Due to Dollar moved very limited after Power outlined a taper timeline, I expect a test:
- Resistances 1st 1.1702, 2nd 1.1712, 3rd 1.1726;
- Support at 1st 1.1685, 2nd 1.1665, 3rd 1.1654;
- Close around 1.1675~ 1.1700 area.