Forex Analysis Of EUR/USD For Wednesday, July 11
First, we look into the yesterday trade and what happened on July 10, 2018, and it opened at 1.17495 and went high at 1.17619 and gone low to 1.16895 and finally closed at 1.17433. The calculated pivot point for the day is 1.17316.
The difference between high and low was reasonable 72 pips and there was a good chance for a trader to take the opportunity from high to low levels since the difference is in a good range. Now the opportunity is going to consolidation and 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 higher levels from support levels since there is no significant impact from any of the events after trade war with China. Hourly traders are waiting for an opportunity to buy at 1.1790 level and sell at 1.1690 level, to get more profits.
BUYING AND SELLING LEVELS TO BE OBSERVED BY TRADERS
|
Level |
First Level |
Second Level |
Third Level |
|
Selling Level |
1.1688 |
1,1665 |
1.1638 |
|
Buying Level |
1.1772 |
1.1790 |
1.1818 |
TODAY EVENTS TO BE OBSERVED AND TRADERS SHOULD BE CAUTIOUS AT THESE TIMES AND TAKE ADVANTAGE OF THE EVENTS
EURUSD FUNDAMENTALS TODAY
|
GMT |
Event |
Previous |
|---|---|---|
|
07:00 |
EUR Non-monetary policy's ECB meeting |
|
|
07:00 |
EUR ECB President Draghi's Speech |
|
|
07:30 |
EUR ECB's Praet Speech |
|
|
n/a |
EUR 10-y Bond Auction |
0.48% |
|
11:00 |
USD MBA Mortgage Applications |
-0.5% |
|
12:00 |
EUR ECB's Mersch speech |
|
|
12:30 |
USD Producer Price Index (MoM) |
0.5% |
|
12:30 |
USD Producer Price Index ex Food & Energy (MoM) |
0.3% |
|
12:30 |
USD Producer Price Index ex Food & Energy (YoY) |
2.4% |
Traders may please see the levels in the charts before entering into the trade.
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