First, we look into the yesterday trade and what happened on July 3, 2018, and it opens at 1.1638 and went high at 1.1672 and gone low 1.1619 and finally close at 1.1656. The calculated pivot point for the day is 1.1649
The difference between high and low was nearly 53 pips and was a little chance for trader to take the opportunity since the difference is very low.. Now the opportunity is consolidation and sideways trade and trying to go upper levels for few days. Hourly traders are waiting for opportunity to buy at 1.1700 level to get more profit and waiting for recovery of market for upper levels.
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EVENTS INFLUENCED THE PAIR AND TRADERS SHOULD WATCH
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(Click on image to enlarge)
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