Forex Analysis Of EUR/USD For Friday, July 20
First, we look into the previous day trade and what happened on July 19, 2018, and it opened at 1.16375 and went high at 1.16694 and gone to low at 1.15843 and finally closed at 1.16407. The calculated pivot point for the day is 1.16314.
The difference between high and low was 85 pips and there was a very good chance for a trader to take the opportunity for sellers and benefited.
Now the opportunity is going to higher 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 higher levels from support levels since dollar become weak due EUR become strong due to some events. Four Hour chart followers & traders are waiting for an opportunity to buy at 1.16809, 1.17246 and sell at 1.15774, 1.15498 levels to get more profits.
BUYING AND SELLING LEVELS TO BE OBSERVED BY TRADERS
|
Level |
First Level |
Second Level |
Third Level |
|
Selling Level |
1.1626 |
1.1602 |
1.1575 |
|
Buying Level |
1.1682 |
1.1712 |
1.1740 |
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 |
|---|---|---|---|
|
24h |
USD OPEC meeting |
||
|
06:00 |
EUR Producer Price Index (MoM) |
0.3% |
0.5% |
|
06:00 |
EUR Producer Price Index (YoY) |
3.0% |
2.7% |
|
08:00 |
EUR Current Account s.a |
€4.6B |
€27.3B |
|
08:00 |
EUR Current Account n.s.a |
€27.3B |
€29.6B |
|
17:00 |
USD Baker Hughes US Oil Rig Count |
863 |
|
|
19:30 |
USD CFTC USD NC net positions |
$172K |
|
|
19:30 |
USD CFTC Oil NC net positions |
654.5K |
|
|
19:30 |
USD CFTC Gold NC net positions |
$81.4K |
|
|
19:30 |
EUR CFTC EUR NC net positions |
€24.4K |
See the chart levels and trade accordingly
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