E Forex Analysis Of EUR/USD For Friday, July 13

First, we look into the yesterday trade and what happened on July 12, 2018, and it opened at 1.16718 and went high at 1.16947 and gone low 1.16490 and finally closed at 1.16700.  The calculated pivot point for the day is 1.16712.

The difference between high and low was reasonable 45 pips and there was a little chance for a trader to take the opportunity since the difference is in low range.  Now the opportunity is going to lower 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 lower levels from overbought region since there is no significant impact from any of the events.  Hourly traders are waiting for an opportunity to buy at 1.1734 level and sell at 1.1650 level, to get more profits. For immediate trading, traders may look into these levels

BUYING AND SELLING LEVELS TO BE OBSERVED BY TRADERS

Level

First Level

Second Level

Third Level

Selling Level

1.1608

1.1590

1.1572

Buying Level

1.1702

1.1720

1.1738

TODAY EVENTS TO BE OBSERVED AND TRADERS SHOULD BE CAUTIOUS AT THESE TIMES AND TAKE ADVANTAGE OF THE EVENTS

GMT

Event

Actual

Previous

24h

 EUR EcoFin Meeting

   

06:00

 EUR Wholesale Price Index (YoY)

3.4%

2.9%

07:00

 EUR HICP (MoM)

0.2%

0.9%

07:00

 EUR Consumer Price Index (MoM)

0.3%

0.9%

07:00

 EUR Consumer Price Index (YoY)

2.3%

2.1%

07:00

 EUR HICP (YoY)

2.3%

2.3%

12:30

 USD Import Price Index (YoY)

 

4.3%

12:30

 USD Export Price Index (MoM)

 

0.6%

12:30

 USD Import Price Index (MoM)

 

0.6%

12:30

 USD Export Price Index (YoY)

 

4.9%

14:00

 USD Michigan Consumer Sentiment Index

 

98.2

15:00

 USD Fed Monetary Policy Report

   
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