First, we look into the previous day trade and what happened on July 17, 2018, and it opened at 1.17099 and went high at 1.17439 and gone to low at 1.16486 and finally closed at 1.16606. The calculated pivot point for the day is 1.16844.
The difference between high and low was 95 pips and there was a very good chance for a trader to take the opportunity for sellers and benefited.
Now the opportunity is going to lower levels for a few days. 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 |
1.1598 |
1.1570 |
1.1542 |
|
Buying Level |
1.1657 |
1.1685 |
1.1713 |
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 |
EUR EcoFin Meeting |
||
|
09:00 |
EUR Consumer Price Index - Core (YoY) |
0.9% |
1.0% |
|
09:00 |
EUR Consumer Price Index - Core (MoM) |
0.0% |
0.3% |
|
09:00 |
EUR Consumer Price Index (MoM) |
0.1% |
0.5% |
|
n/a |
EUR 30-y Bond Auction |
1.02% |
1.06% |
|
11:00 |
USD MBA Mortgage Applications |
-2.5% |
2.5% |
|
12:30 |
USD Housing Starts Change |
5.0% |
|
|
12:30 |
USD Housing Starts (MoM) |
1.35M |
|
|
12:30 |
USD Building Permits (MoM) |
1.301M |
|
|
12:30 |
USD Building Permits Change |
-4.6% |
|
|
14:00 |
USD Fed's Powell Speech |
||
|
14:30 |
USD EIA Crude Oil Stocks change |
-12.633M |
See the chart levels and trade accordingly
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