First, we look into the previous day trade and what happened on July 30, 2018, and it opened at 1.16559 and went high at 1.17180 and gone to low at 1.16474 and finally closed at 1.17036. The calculated pivot point for the day is 1.16896.
The difference between high and low was 70 pips and there was a good chance for a trader to take the opportunity and benefited.
For the last many days, this pair is moving from 1.1530 to 1.1790 levels, now it is going to higher levels from previous low high levels since dollar become strong weak to some events. Four Hour chart followers & traders are waiting for an opportunity to buy at 1.1713, 1.1734 and sell at 1.1680, 1.1634 levels to get more profits.
BUYING AND SELLING LEVELS TO BE OBSERVED BY TRADERS
|
Level |
First Level |
Second Level |
Third Level |
|
Selling Level |
1.1724 |
1.1704 |
1.1674 |
|
Buying Level |
1.1743 |
1.1758 |
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 |
|---|---|---|---|
|
09:00 |
EUR Consumer Price Index (YoY) |
2.1% |
2.0% |
|
09:00 |
EUR Unemployment Rate |
8.3% |
8.3% |
|
09:00 |
EUR Gross Domestic Product s.a. (QoQ) |
0.3% |
0.4% |
|
09:00 |
EUR Gross Domestic Product s.a. (YoY) |
2.1% |
2.5% |
|
10:00 |
EUR Gross Domestic Product (YoY) |
1.1% |
1.4% |
|
10:00 |
EUR Gross Domestic Product (QoQ) |
0.2% |
0.3% |
|
12:30 |
USD Personal Consumption Expenditures - Price Index (YoY) |
2.3% |
|
|
12:30 |
USD Core Personal Consumption Expenditure - Price Index (MoM) |
0.2% |
|
|
12:30 |
USD Personal Spending |
0.2% |
|
|
12:30 |
USD Personal Consumption Expenditures - Price Index (MoM) |
0.2% |
|
|
12:30 |
USD Core Personal Consumption Expenditure - Price Index (YoY) |
2% |
|
|
12:30 |
USD Personal Income (MoM) |
0.4% |
See the chart levels and trade accordingly
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