Forex Analysis Of EUR/USD For Monday, July 9

By Shatakarni Vanimireddy
Monday, July 9, 2018 8:55 AM EDT

First, we look into the previous day trade and what happened on July 6, 2018, and it opened at 1.1689 and went high at 1.1767 and gone low 1.1679 and finally closed at 1.1744.  The calculated pivot point for the day is 1.1740

The difference between high and low was negligible 88 pips and there was a reasonable chance for a trader to take the opportunity since the difference is in good range.  Now the opportunity is going to upper levels for few days. For the last many days, this pair is moving from 1.1530 to 1.1730 range, now the pair is going upper levels since there is no impact of Non-farm payrolls event.  Hourly traders are waiting for the opportunity to buy at 1.1810 level to get more profit and waiting for market to go further upper levels...

 

Levels

First Level

Second Level

Third Level

Selling  Levels

1.1730

1.1702

1.1679

Buying Levels

1.1785

1.1813

1.1841

EVENTS TO BE OBSERVED BY THE TRADERS AT THESE TIMES

GMT               EVENT

13:00  EUR ECB President Draghi's Speech
13:10  USD FOMC Member Kashkari Speech
15:00  EUR ECB President Draghi's Speech
15:30  USD 3-Month Bill Auction - Provisional 1.94%
15:30  USD 6-Month Bill Auction - Provisional 2.085%
19:00  USD Consumer Credit Change - Provisional $9.26B

Traders can see the levels in the chart and trade accordingly

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