Forex Analysis Of EUR/USD For Friday, July 13
First, we look into the yesterday trade and what happened on July 12, 2018, and it opened at 1.16718 and went high at 1.16947 and gone low 1.16490 and finally closed at 1.16700. The calculated pivot point for the day is 1.16712.
The difference between high and low was reasonable 45 pips and there was a little chance for a trader to take the opportunity since the difference is in low range. 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 from overbought region since there is no significant impact from any of the events. Hourly traders are waiting for an opportunity to buy at 1.1734 level and sell at 1.1650 level, to get more profits. For immediate trading, traders may look into these levels
BUYING AND SELLING LEVELS TO BE OBSERVED BY TRADERS
|
Level |
First Level |
Second Level |
Third Level |
|
Selling Level |
1.1608 |
1.1590 |
1.1572 |
|
Buying Level |
1.1702 |
1.1720 |
1.1738 |
TODAY EVENTS TO BE OBSERVED AND TRADERS SHOULD BE CAUTIOUS AT THESE TIMES AND TAKE ADVANTAGE OF THE EVENTS
|
GMT |
Event |
Actual |
Previous |
|---|---|---|---|
|
24h |
EUR EcoFin Meeting |
||
|
06:00 |
EUR Wholesale Price Index (YoY) |
3.4% |
2.9% |
|
07:00 |
EUR HICP (MoM) |
0.2% |
0.9% |
|
07:00 |
EUR Consumer Price Index (MoM) |
0.3% |
0.9% |
|
07:00 |
EUR Consumer Price Index (YoY) |
2.3% |
2.1% |
|
07:00 |
EUR HICP (YoY) |
2.3% |
2.3% |
|
12:30 |
USD Import Price Index (YoY) |
4.3% |
|
|
12:30 |
USD Export Price Index (MoM) |
0.6% |
|
|
12:30 |
USD Import Price Index (MoM) |
0.6% |
|
|
12:30 |
USD Export Price Index (YoY) |
4.9% |
|
|
14:00 |
USD Michigan Consumer Sentiment Index |
98.2 |
|
|
15:00 |
USD Fed Monetary Policy Report |
Traders may see levels in the chart and go for a trade
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