First, we look into the previous day trade and what happened on July 24, 2018, and the EUR/USD pair opened at 1.16911 and went high at 1.17161 and gone to low at 1.16538 and finally closed at 1.16827. The calculated pivot point for the day is 1.16842.
The difference between high and low was 63 pips and there was a 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, now it is going to lower levels and consolidation levels since the dollar became strong.
4Hour chart followers & traders are waiting for an opportunity to buy at 1.1727, 1.1749 and sell at 1.1654, 1.1632 levels, in order to get more profits. Traders may do range-bound trading and their preference should be to sell at the resistance level and buy at the support level for a few days.
BUYING AND SELLING LEVELS TO BE OBSERVED BY TRADERS
|
Level |
First Level |
Second Level |
Third Level |
|
Selling Level |
1.1674 |
1.1655 |
1.6633 |
|
Buying Level |
1.1706 |
1.1727 |
1.1750 |
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 |
|---|---|---|---|
|
08:00 |
EUR IFO - Expectations |
98.2 |
98.6 |
|
08:00 |
EUR IFO - Current Assessment |
105.3 |
105.1 |
|
08:00 |
EUR IFO - Business Climate |
101.7 |
101.8 |
|
08:00 |
EUR M3 Money Supply (YoY) |
4.4% |
4.0% |
|
08:00 |
EUR M3 Money Supply (3m) |
4.1% |
3.9% |
|
08:00 |
EUR Private loans (YoY) |
2.9% |
2.9% |
|
11:00 |
USD MBA Mortgage Applications |
-2.5% |
|
|
14:00 |
USD New Home Sales (MoM) |
0.689M |
|
|
14:00 |
USD New Home Sales Change (MoM) |
6.7% |
|
|
14:30 |
USD EIA Crude Oil Stocks change |
5.836M |
|
|
17:00 |
USD 5-Year Note Auction |
2.719% |
See the chart levels and trade accordingly:
(Click on image to enlarge
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