6.29 EURUSD Daily Review & Outlook
Tue 6.29, for the past 24 hours:
• EURUSD has dropped 10 pips against the previous day close; hit my last day's 1st support target;
• ↓ 42 pips High & Low extreme move, vs. 65.3 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session MEDIUM 6.1 -> 6.6 MEDIUM/STRONG of late session
• EUR in early session MEDIUM 4.8 -> 6.1 MEDIUM of late session
Market Focus & Moods:
• Fundamentally, there was no major economic news today. US rates went lower today with the 10 year yield moving down about 4.6 basis points (the 30 year was down -5.1 bps). That move lower in yields helped to push the USDJPY lower but overall, the USD is ending the day higher.
• Tomorrow(London time), German CPI 1pm, US home price index 2pm, US consumer confidence 3pm. It would give some clue of next step for EURUSD.
Next Step:
• Depend on US economic data, and Bond Rate movement,
• For now it's range area above 1.1900 ~ 1.1975 area.
• EURUSD has dropped 10 pips against the previous day close; hit my last day's 1st support target;
• ↓ 42 pips High & Low extreme move, vs. 65.3 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session MEDIUM 6.1 -> 6.6 MEDIUM/STRONG of late session
• EUR in early session MEDIUM 4.8 -> 6.1 MEDIUM of late session
Market Focus & Moods:
• Fundamentally, there was no major economic news today. US rates went lower today with the 10 year yield moving down about 4.6 basis points (the 30 year was down -5.1 bps). That move lower in yields helped to push the USDJPY lower but overall, the USD is ending the day higher.
• Tomorrow(London time), German CPI 1pm, US home price index 2pm, US consumer confidence 3pm. It would give some clue of next step for EURUSD.
Next Step:
• Depend on US economic data, and Bond Rate movement,
• For now it's range area above 1.1900 ~ 1.1975 area.
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