E Forex Analysis Of EUR/USD For Wednesday, August 15

In Forex Trading, every day is not an independent day, it is an extension day of the previous day trading. First, we look into the previous day trade and what happened on August 14, 2018, and the EUR/USD pair opened at 1.13994 and went high at 1.14287 and gone to low at 1.13299 and finally closed at 1.13423. The calculated pivot point for the day is 1.13669.

The difference between high and low was 98 pips and there was a very big chance for traders to take the opportunity and benefit.

For the last few days, this pair is moving from 1.1260 to 1.1790 levels, now it is going to the lowest levels from previous low levels since the dollar became strong due to some events. Traders should be cautious since it reached the oversold region and it may go to some recovery levels. Four-Hour chart followers & traders are waiting for an opportunity to buy at 1.1375, 1.1475 levels and sell at 1.1324, 1.1246 levels, in order to get more profits. It is moving sideways and will try to go on the upper side.

BUYING AND SELLING LEVELS TO BE OBSERVED BY TRADERS

Level

First Level

Second Level

Third Level

Selling Level

1.1300

1.1250

1.1200

Buying Level

1.1480

1.1535

1.1585

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

 EUR Assumption Day

   

24h

 EUR Assumption Day

   

24h

 EUR EcoFin Meeting

   

24h

 EUR Assumption Day

   

12:30

 USD Retail Sales ex Autos (MoM)

0.6%

0.2% 

12:30

 USD NY Empire State Manufacturing Index

25.6

22.6

13:15

 USD Industrial Production (MoM)

 

0.6%

13:15

 USD Capacity Utilization

 

78.0%

14:00

 USD Business Inventories

 

0.4%

14:00

 USD NAHB Housing Market Index

 

68

14:30

 USD EIA Crude Oil Stocks change

 

-1.351M

16:00

 EUR German Buba President Weidmann speech

   
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