E Forex Analysis Of EUR/USD For Tuesday, July 10

First, we look into the yesterday trade and what happened on July 9, 2018, and it opened at 1.1739 and went high at 1.1789 and gone low 1.1732 and finally closed at 1.1749.  The calculated pivot point for the day is 1.1756.

The difference between high and low was reasonable 57 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 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 impact of any event.  Hourly traders are waiting for an opportunity to buy at 1.1811 level and sell at 1.1680 level, to get more profits. For immediate trading to buy, 1.1750 levels to be watched and considered.

BUYING AND SELLING LEVELS TO BE OBSERVED BY TRADERS

Level

First Level

Second Level

Third Level

Selling Level

1.1678

1,1650

1.1622

Buying Level

1.1750

1.1778

1.1816

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

GMT

Event

Actual

Previous

08:40

 EUR 6-Month Letras Auction

-0.399%

-0.468%

08:40

 EUR 12-Month Letras Auction

-0.351%

-0.348%

09:00

 EUR ZEW Survey - Current Situation

72.4

80.6

09:00

 EUR ZEW Survey - Economic Sentiment

-24.7

-16.1

09:00

 EUR ZEW Survey - Economic Sentiment

-18.7

-12.6

10:00

 USD NFIB Business Optimism Index

107.2

107.8

12:55

 USD Redbook index (MoM)

 

-0.4%

12:55

 USD Redbook index (YoY)

 

4.4%

14:00

 USD JOLTS Job Openings

 

6.698M

15:30

 USD 4-Week Bill Auction

 

1.86%

17:00

 USD 3-Year Note Auction

 

2.664%

17:00

 EUR ECB's Lautenschläger Speech

   
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