Forex Analysis Of EUR/USD For Thursday, July 19

This pair is moving from 1.1530 to 1.1790 range, now it is going to lower levels and hour chart followers and traders are waiting for an opportunity to buy at 1.16550, 1.16809 and sell at 1.16119, 1.15855 levels to get more profits.

First, we look into the previous day trade and what happened on July 18, 2018, and it opened at 1.16606 and went high at 1.16641 and gone to low at 1.16062 and finally closed at 1.16377.  The calculated pivot point for the day is 1.16360.

The difference between high and low was 58 pips and there was a very good chance for a trader to take the opportunity for sellers and benefited.

For the last many days, this pair is moving from 1.1530 to 1.1790 range, now it is going to lower levels since dollar become strong due to some events. Four Hour chart followers & traders are waiting for an opportunity to buy at 1.16550, 1.16809 and sell at 1.16119, 1.15855 levels to get more profits.

BUYING AND SELLING LEVELS TO BE OBSERVED BY TRADERS

Level

First Level

Second Level

Third Level

Selling Level

1.1578

1.1550

1.1522

Buying Level

1.1662

1.1690

1.1718

TODAY EVENTS TO BE OBSERVED AND TRADERS SHOULD BE CAUTIOUS AT THESE TIMES AND TAKE ADVANTAGE OF THE EVENTS

EURUSD FUNDAMENTALS TODAY

GMT

Event

Previous

08:40

 EUR 5-y Bond Auction

 

08:40

 EUR 10-y Obligaciones Auction

 

12:30

 USD Continuing Jobless Claims

1.739M

12:30

 USD Initial Jobless Claims

214K

12:30

 USD Philadelphia Fed Manufacturing Survey

19.9

13:00

 USD Fed's Quarles speech

 

14:30

 USD EIA Natural Gas Storage change

51B

See the chart levels and trade accordingly

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