7.15 EURUSD Daily Review & Outlook

Thursday 7.15, for the past 24 hours:
• EURUSD has risen 57 pips against the previous day close;
• ↑ 67 pips High & Low extreme move, vs. 65.6 pips of 22 day Average Range.

Strength (0~10) Comparison:
• USD in early session MEDIUM 4.8 -> 2.0 WEAK of late session
• EUR in early session MEDIUM 4.5 -> 6.7 STRONG of late session

Market Focus & Moods:
• Gold, Risk currencies rose; Bond rates, Oil dropped. EURUSD had a U-turn since Wednesday's US CPI drop. That's the name of the game at the moment with few lasting trends.
• Thursday, LON 1:30pm US Initial Jobless Claims, Fed's Chair Powell testifies Day2, 2:30pm.

Next Step:
• I expect a test resistance 1.1870 and close around 1.1860~ 1.1885 area.