First, we look into the yesterday trade and what happened on July 4, 2018, and it opens at 1.1656 and went high at 1.1663 and gone low 1.1654 and finally close at 1.1658. The calculated pivot point for the day is 1.1658
The difference between high and low was negligible nine pips and was a little chance for trader to take the opportunity since the difference is very low.. Now the opportunity is low range consolidation and sideways trade and trying to go upper levels for few days. Hourly traders are waiting for opportunity to buy at 1.1700 level to get more profit and waiting for recovery of the market for upper levels.
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TODAY EVENTS TO BE INFLUENCED THIS PAIR AND TRADERS SHOULD WATCH AT THESE TIMINGS
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