Forex Analysis Of EUR/USD For Friday, July 6

First, we look into the yesterday trade and what happened on July 5, 2018, and it opens at 1.1648 and went high at 1.1719 and gone low 1.1649 and finally closed at 1.1689.  The calculated pivot point for the day is 1.1686

The difference between high and low was 70 pips and it was a reasonable chance for trader to take the opportunity since the difference is in medium range.  Now the opportunity is low range consolidation and sideways trade and trying to go upper levels for few days. For the last few days, this pair is moving between the range of 1.1530 to 1.1750. Traders should watch the trade at Nonfarm payrolls time.  Hourly traders are waiting for an opportunity to buy at 1.1750 level to get more profit and waiting for nonfarm payroll news and recovery of market for upper levels.

EVENTS ARE GOING TO IMPACT THIS PAIR AND TRADERS SHOULD WATCH AT THESE TIMINGS

See the levels in the chart and trade accordingly