First, we look into the previous day trade and what happened on July 25, 2018, and it opened at 1.16826 and the EUR/USD pair went high at 1.17379 and gone to low at 1.16631 and finally closed at 1.17214. The calculated pivot point for the day is 1.17075.
The difference between high and low was 74 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 range and it is in consolidation levels. Now it is going to high levels from support levels since the dollar became weak due to some events. Four Hour chart followers & traders are waiting for an opportunity to buy at 1.1742, 1.1812 and sell at 1.1734, 1.1680 levels to get more profits.
BUYING AND SELLING LEVELS TO BE OBSERVED BY TRADERS
|
Level |
First Level |
Second Level |
Third Level |
|
Selling Level |
1.1686 |
1.1674 |
1.1654 |
|
Buying Level |
1.1727 |
1.1749 |
1.1777 |
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 |
|---|---|---|---|
|
24h |
USD OPEC meeting |
||
|
06:00 |
EUR Gfk Consumer Confidence Survey |
10.6 |
10.7 |
|
06:45 |
EUR Consumer Confidence |
97 |
97 |
|
07:00 |
EUR Unemployment Survey |
15.30% |
16.74% |
|
08:00 |
EUR Consumer Confidence |
116.3 |
116.2 |
|
08:00 |
EUR Business Confidence |
106.9 |
106.9 |
|
11:45 |
EUR ECB Deposit Rate Decision |
-0.4% |
|
|
11:45 |
EUR ECB Interest Rate Decision |
0% |
|
|
12:30 |
USD Continuing Jobless Claims |
1.751M |
|
|
12:30 |
USD Initial Jobless Claims |
207K |
|
|
12:30 |
USD Wholesale Inventories |
0.6% |
|
|
12:30 |
EUR ECB Monetary policy statement and press conference |
See the chart levels and trade accordingly:
(Click on image to enlarge)
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