First, we look into the previous day trade and what happened on July 26, 2018, and the EUR/USD pair opened at 1.17215 and went high at 1.17429 and gone to low at 1.16395 and finally closed at 1.16449. The calculated pivot point for the day is 1.16757
The difference between high and low was 103 pips and there was a very good chance for traders to take the opportunity and benefit.
For the last few 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 the dollar became strong due to some events. Four Hour chart followers & traders are waiting for an opportunity to buy at 1.1733, 1.1783 and sell at 1.1654, 1.1589 levels to get more profits.
BUYING AND SELLING LEVELS TO BE OBSERVED BY TRADERS
|
Level |
First Level |
Second Level |
Third Level |
|
Selling Level |
1.1607 |
1.1587 |
1.1566 |
|
Buying Level |
1.1654 |
1.1674 |
1.1693 |
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 |
|---|---|---|---|
|
06:00 |
EUR Import Price Index (YoY) |
4.8% |
3.2% |
|
06:00 |
EUR Import Price Index (MoM) |
0.5% |
1.6% |
|
06:45 |
EUR Consumer Spending (MoM) |
0.1% |
1.0% |
|
07:00 |
EUR Retail Sales (YoY) |
0.1% |
-0.3% |
|
08:00 |
EUR Producer Price Index (YoY) |
2.9% |
2.4% |
|
08:00 |
EUR Producer Price Index (MoM) |
0.3% |
0.7% |
|
12:20 |
USD Fed's Bullard speech |
||
|
12:30 |
USD Gross Domestic Product Price Index |
2.2% |
|
|
12:30 |
USD Gross Domestic Product Annualized |
2.0% |
|
|
12:30 |
USD Personal Consumption Expenditures Prices (QoQ) |
2.5% |
|
|
12:30 |
USD Core Personal Consumption Expenditures (QoQ) |
2.3% |
|
|
14:00 |
USD Michigan Consumer Sentiment Index |
97.1 |
See the chart levels and trade accordingly:
(Click on image to enlarge)
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