Friday 8.6, for the past 24 hours:
• EURUSD has dropped 5 pips against the previous day close;
• ↑ 29 pips High & Low extreme move, vs. 55.2 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session WEAK 2.1 -> 5.7 MEDIUM of late session
• EUR in early session MEDIUM 3.9 -> 2.5 WEAK of late session
Market Focus & Moods:
• The price action was non trending/up and down. ADP job data is almost same as expected, stock index up, US trade balance worse, gold down, US Bond Rate pull back a bit. All things are prepared for NFP day tomorrow.
• Friday, 1:30pm LON time, Nonfarm Payroll estimate 870k.
Next Step:
• I expect dollars go up, EURUSD test up 1.1840 and fall down to break 1st 1.1828, 2nd 1.1807, 3rd 1.1792, 4th 1.1764 close around 1.1762 ~ 1.1787 area.
• EURUSD has dropped 5 pips against the previous day close;
• ↑ 29 pips High & Low extreme move, vs. 55.2 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session WEAK 2.1 -> 5.7 MEDIUM of late session
• EUR in early session MEDIUM 3.9 -> 2.5 WEAK of late session
Market Focus & Moods:
• The price action was non trending/up and down. ADP job data is almost same as expected, stock index up, US trade balance worse, gold down, US Bond Rate pull back a bit. All things are prepared for NFP day tomorrow.
• Friday, 1:30pm LON time, Nonfarm Payroll estimate 870k.
Next Step:
• I expect dollars go up, EURUSD test up 1.1840 and fall down to break 1st 1.1828, 2nd 1.1807, 3rd 1.1792, 4th 1.1764 close around 1.1762 ~ 1.1787 area.
