First, we look into the yesterday trade and what happened on July 5, 2018, and it opens at 1.3224 and went high at 1.3274 and gone low 1.3203 and finally closed at 1.3221. The calculated pivot point for the day is 1.3232.
The difference between high and low was nearly 71 points and was a good chance for traders to take the opportunity and finally benefited. Now the opportunity is consolidation and sideways trade and trying to go upper levels for few days. Hourly traders waited for an opportunity to buy at 1.3200 level to get good profit at 1.3240 and benefited. For many days, the pair was ranging from 1.3050 to 1.3315 levels. Now they are waiting for 1.3340 and for recovery of market. Traders should watch nonfarm payrolls impact on this pair. Short term traders can watch 1.3210 levels.
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EVENTS TODAY AND ITS ACTUAL DATA IMPACT THIS PAIR AND TRADERS SHOULD CAUTIOUS AT THESE TIMES TO TAKE MORE ADVANTAGE
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See the levels in the Chart and trade accordingly
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