Forex Analysis Of EUR/USD For Monday, July 23
First, we take a look into the previous day trade and what happened on July 20, 2018, and the EUR/USD pair opened at 1.16402 and went high at 1.17381 and gone to low at 1.16274 and finally closed at 1.17217. The calculated pivot point for the day is 1.16957.
The difference between high and low was 110 pips and there was a very good chance for a trader to take the opportunity for sellers and benefited.
Now there is a new opportunity where there are lower levels for a few days. For the last few days, this pair is moving from 1.1530 to 1.1790 range, now it is going to a higher level from support level since the dollar became weak due to the EUR becoming strong.
4Hour chart followers & traders are waiting for an opportunity to buy at 1.17450, 1.18120 and sell at 1.17106, 1.16809 levels, in order to get more profits.
BUYING AND SELLING LEVELS TO BE OBSERVED BY TRADERS
Level |
First Level |
Second Level |
Third Level |
Selling Level |
1.1658 |
1.1630 |
1.1602 |
Buying Level |
1.1752 |
1.1780 |
1.1808 |
TODAY EVENTS TO BE OBSERVED AND TRADERS SHOULD BE CAUTIOUS AT THESE TIMES AND TAKE ADVANTAGE OF THE EVENTS
EURUSD FUNDAMENTALS TODAY
GMT |
Event |
Previous |
---|---|---|
10:00 |
EUR German Buba Monthly Report |
|
12:30 |
USD Chicago Fed National Activity Index |
-0.15 |
14:00 |
USD Existing Home Sales (MoM) |
5.43M |
14:00 |
USD Existing Home Sales Change (MoM) |
-0.4% |
14:00 |
EUR Consumer Confidence |
-0.5 |
15:30 |
USD 3-Month Bill Auction |
1.98% |
15:30 |
USD 6-Month Bill Auction |
2.14% |
See the chart levels and trade accordingly:
(Click on image to enlarge)