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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