10.15 EURUSD Daily Review & Outlook

10.15 Friday, for the past 24 hours:
• EURUSD has dropped 0.3 pips against the previous day close; hit target set yesterday.
• ↑ 40.5 pips High & Low extreme move, vs. 50.9 pips of 22 day Average Range.

Strength (0~10) Comparison:
• USD in early session WEAK 1.8 -> 5.2 MEDIUM of late session
• EUR in early session MEDIUM 3.9 -> 4.9 MEDIUM of late session

Market Focus & Moods:
• Equities get a solid gains whole day. Commodity currencies keep strong, and JPY CHF stay at the other end. 'It's a big day for risk trades.'
• Friday, morning LDN 7am EU New Car Registration; 10am EU Balance of Trade;
Afternoon, 1:30pm US Retail Sales; 3pm US Mich.U Consumer Sentiment Index;

Next Step:
• Due to last data about inflation factor and consumption, I expect a test:
- Resistances 1st 1.1610, 2nd 1.1625, 3rd 1.1640(strong);
- Support at 1st 1.1583, 2nd 1.1570, 3rd 1.1547(strong);
- Close around 1.1640~ 1.1615 area.