First, we look into the previous day trade and what happened on August 2, 2018, and it opened at 1.16606 and went high at 1.16669 and gone to low at 1.15809 and finally closed at 1.15839. The calculated pivot point for the day is 1.16106.
The difference between high and low was 86 pips and there was a good chance for a trader to take the opportunity and benefited.
For the last many days, this pair is moving from 1.1530 to 1.1790 levels, now it is going to the lowest levels from previous low levels since dollar become strong due to some events. Four Hour chart followers & traders are waiting for an opportunity to buy at 1.15912, 1.16211 levels and sell at 1.15572, 1.15117 levels to get more profits.
BUYING AND SELLING LEVELS TO BE OBSERVED BY TRADERS
|
Level |
First Level |
Second Level |
Third Level |
|
Selling Level |
1.1558 |
1.1530 |
1.1502 |
|
Buying Level |
1.1672 |
1.1700 |
1.1728 |
TODAY EVENTS TO BE OBSERVED AND TRADERS SHOULD BE CAUTIOUS AT THESE TIMES AND TAKE ADVANTAGE OF THE EVENTS
EURUSD FUNDAMENTALS TODAY
|
GMT |
Event |
Actual |
Previous |
|---|---|---|---|
|
08:00 |
EUR Industrial Output s.a. (MoM) |
0.5% |
0.8% |
|
08:00 |
EUR Industrial Output w.d.a (YoY) |
1.7% |
2.2% |
|
09:00 |
EUR Retail Sales n.s.a (YoY) |
1.5% |
0.8% |
|
09:00 |
EUR Retail Sales s.a. (MoM) |
-0.2% |
1.1% |
|
09:00 |
EUR Retail Sales (MoM) |
0.3% |
0.3% |
|
09:00 |
EUR Retail Sales (YoY) |
1.2% |
1.6% |
|
12:30 |
USD Nonfarm Payrolls |
213K |
|
|
12:30 |
USD Average Weekly Hours |
34.5 |
|
|
12:30 |
USD Labor Force Participation Rate |
62.9% |
|
|
12:30 |
USD Average Hourly Earnings (YoY) |
2.7% |
|
|
12:30 |
USD Average Hourly Earnings (MoM) |
0.2% |
|
|
12:30 |
USD Unemployment Rate |
4.0% |
See the chart levels and trade accordingly
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