Forex Analysis Of EUR/USD For Tuesday, July 24
First, we look into the previous day trade and what happened on July 23, 2018, and the EUR/USD opened at 1.17245 and went high at 1.17506 and gone to low at 1.16830 and finally closed at 1.16909. The calculated pivot point for the day is 1.17082
The difference between high and low was 67 pips and there was a very good chance for a trader to take the opportunity and benefit.
For the last many days, this pair is moving from 1.1530 to 1.1790 range, now it is going to a higher level from the 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 1.17106, 1.17459 and sell at 1.16622, 1.15999 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 |
1.7580 |
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 |
Actual |
Previous |
|---|---|---|---|
|
07:30 |
EUR Markit Services PMI |
54.4 |
54.5 |
|
07:30 |
EUR Markit PMI Composite |
55.2 |
54.8 |
|
08:00 |
EUR Trade Balance non-EU |
€3.55B |
€2.37B |
|
08:00 |
EUR Markit PMI Composite |
54.3 |
54.9 |
|
08:00 |
EUR Markit Manufacturing PMI |
55.1 |
54.9 |
|
08:00 |
EUR Markit Services PMI |
54.4 |
55.2 |
|
12:55 |
USD Redbook index (YoY) |
3.3% |
|
|
12:55 |
USD Redbook index (MoM) |
0.1% |
|
|
13:00 |
USD Housing Price Index (MoM) |
0.1% |
|
|
13:45 |
USD Markit Manufacturing PMI |
55.4 |
|
|
13:45 |
USD Markit Services PMI |
56.5 |
|
|
13:45 |
USD Markit PMI Composite |
56.2 |
See the chart levels and trade accordingly:
(Click on image to enlarge)
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