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.