First, we look into the yesterday trade and what happened on July 5, 2018, and it opens at 110.555 and went high at 110.729 and gone low 110.549 and finally closed at 110.679. The calculated pivot point for the day is 110.652.
The difference between high and low was nearly 0.180 points and was a good chance for seller to take the opportunity from high to low levels and finally benefited. Now the opportunity is consolidation and sideways trade for few days. If EURUSD goes high USDJPY goes down and vice versa and watch two pairs for trading before entering into a trade. Hourly traders are waiting for an opportunity to buy at 111.00 level to get maximum profit and waiting for recovery of market. For many days the range for this pair was between 109.360 to 111.125. Traders should watch non-farm payrolls time for more profitable ventures.
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EVENTS TODAY ARE GOING TO IMPACT THIS PAIR AND TRADERS SHOULD WATCH AT THESE TIMES
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See the Chart levels and trade accordingly
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