First, we look into the previous day trade and what happened on July 31, 2018, and it opened at 1.17036 and went high at 1.17452 and gone to low at 1.16889 and finally closed at 1.16900. The calculated pivot point for the day is 1.17080.
The difference between high and low was 56 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 lowest levels from previous low levels since dollar become strong due to some events and tariffs against China. Four Hour chart followers & traders are waiting for an opportunity to buy at 1.1690, 1.1727 and sell at 1.1640, 1.1608 levels to get more profits.
BUYING AND SELLING LEVELS TO BE OBSERVED BY TRADERS
|
Level |
First Level |
Second Level |
Third Level |
|
Selling Level |
1.1670 |
1.1654 |
1.1625 |
|
Buying Level |
1.1705 |
1.1724 |
1.1743 |
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 |
|---|---|---|---|
|
07:00 |
EUR Non-monetary policy's ECB meeting |
||
|
07:15 |
EUR Markit Manufacturing PMI |
52.9 |
53.4 |
|
07:45 |
EUR Markit Manufacturing PMI |
51.5 |
53.3 |
|
07:50 |
EUR Markit Manufacturing PMI |
53.3 |
53.1 |
|
07:55 |
EUR Markit Manufacturing PMI |
56.9 |
57.3 |
|
08:00 |
EUR Markit Manufacturing PMI |
55.1 |
55.1 |
|
n/a |
EUR 10-y Bond Auction |
0.36% |
|
|
11:00 |
USD MBA Mortgage Applications |
-0.2% |
|
|
12:15 |
USD ADP Employment Change |
177K |
|
|
13:45 |
USD Markit Manufacturing PMI |
55.5 |
|
|
14:00 |
USD ISM Prices Paid |
76.8 |
|
|
14:00 |
USD ISM Manufacturing PMI |
60.2 |
See the chart levels and trade accordingly
Comments
Log in or sign up to join the conversation.