Forex Analysis Of EUR/USD For Monday, July 16
First, we look into the previous day trade and what happened on July 13, 2018, and it opened at 1.16700 and went high at 1.16864 and gone to low at 1.16122 and finally closed at 1.16828. The calculated pivot point for the day is 1.16604.
The difference between high and low was 74 pips and there was a good chance for a trader to take the opportunity since the difference is in a good 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 consolidation region since there is no pressure of any event. Hourly traders are waiting for an opportunity to sell at 1.1680, 1.1650 and buy at 1.1702, 1.1734 levels to get more profits.
BUYING AND SELLING LEVELS TO BE OBSERVED BY TRADERS
Level |
First Level |
Second Level |
Third Level |
Selling Level |
1.1648 |
1.1630 |
1.1612 |
Buying Level |
1.1732 |
1.1760 |
1.1788 |
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 |
---|---|---|---|
n/a |
EUR Trade Balance EU |
€1.015B |
€1.124B |
n/a |
EUR Global Trade Balance |
€3.378B |
€2.985B |
09:00 |
EUR Trade Balance s.a. |
€16.9B |
€18.1B |
09:00 |
EUR Trade Balance n.s.a. |
€16.5B |
€16.7B |
n/a |
USD Trump - Putin meeting |
||
12:30 |
USD NY Empire State Manufacturing Index |
25 |
|
12:30 |
USD Retail Sales ex Autos (MoM) |
0.9% |
|
12:30 |
USD Retail Sales control group |
0.5% |
|
12:30 |
USD Retail Sales (MoM) |
0.8% |
|
14:00 |
USD Business Inventories |
0.3% |
See the levels when you enter into buy or sell and trade accordingly