First, we look into the previous day trade and what happened on August 10, 2018, and the EUR/USD pair opened at 1.15256 and went high at 1.15357 and gone to low at 1.13873 and finally closed at 1.14098. The calculated pivot point for the day is 1.14442
The difference between high and low was 148 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 1.1380 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 1.1475, 1.1591, levels and sell at 1.1383, 1.1284 levels to get more profits.
BUYING AND SELLING LEVELS TO BE OBSERVED BY TRADERS
Level
First Level
Second Level
Third Level
Selling Level
1.1350
1.1320
1.1290
Buying Level
1.1433
1.1482
1.1515
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
08:00
EUR Consumer Price Index (EU Norm) (MoM)
-1.4%
-1.4%
08:00
EUR Consumer Price Index (MoM)
0.3%
0.3%
08:00
EUR Consumer Price Index (EU Norm) (YoY)
1.9%
1.9%
08:00
EUR Consumer Price Index (YoY)
1.5%
1.5%
15:30
USD 3-Month Bill Auction
2.01%
15:30
USD 6-Month Bill Auction
2.18%
