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E Forex Analysis Of EUR/USD For Friday, August 10

By Kurt Osterberg · On August 10, 2018

First, we look into the previous day trade and what happened on August 9, 2018, and the EUR/USD pair opened at 1.16089 and went high at 1.16196 and gone to low at 1.15249 and finally closed at 1.15266. The calculated pivot point for the day is 1.15570

The difference between high and low was 94 pips and there was a very fair chance for traders to take the opportunity and benefit.

For the last few days, this pair is moving from 1.1430 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 1.1515, 1.16459, levels and sell at 1.14100, 1.13800 levels, in order to get more profits.

BUYING AND SELLING LEVELS TO BE OBSERVED BY TRADERS

Level

First Level

Second Level

Third Level

Selling Level

1.1440

1.1410

1.1380

Buying Level

1.1515

1.1540

1.1570

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

06:45

EUR Industrial Output (MoM)

0.6%

-0.2%

n/a

EUR Nonfarm Payrolls (QoQ)

0.2%