First, we look into the yesterday trade and what happened on July 4, 2018, and it opens at 110.560 and went high at 110.585 and gone low 110.268 and finally close at 110.459. The calculated pivot point for the day is 110.437
The difference between high and low was nearly 0.32 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 EUR/USD goes high USD/JPY goes down and vice versa and watch two pairs for trading before entering into trade. Hourly traders are waiting for an opportunity to buy at 111.00 level to get maximum profit and waiting for recovery of market.
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EVENTS ARE GOING TO IMPACT THIS PAIR AND TRADERS SHOULD OBSERVE AT THESE TIMES
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LEVELS YOU CAN SEE IN CHART AND TRADE
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