First, we look into the previous day trade and what happened on August 3, 2018, and the EUR/USD pair opened at 1.15839 and went high at 1.16074 and gone to low at 1.15627 and finally closed at 1.15658. The calculated pivot point for the day is 1.15786.

The difference between high and low was 44 pips and there was a little chance for traders to take the opportunity and benefit.

BUYING AND SELLING LEVELS TO BE OBSERVED BY TRADERS

Level

First Level

Second Level

Third Level

Selling Level

1.1500

1.1470

1.1440

Buying Level

1.1562

1.1586

1.1607

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

06:00

 EUR Factory Orders s.a. (MoM)

-4.0%

2.6%

06:00

 EUR Factory Orders n.s.a. (YoY)

-0.8%

4.4%

n/a

 EUR Individual Investment (Current Year)

 

5%

08:30

 EUR Sentix Investor Confidence

14.7

12.1

n/a

 USD Loan Officer Survey

   

15:30

 USD 3-Month Bill Auction

 

2%

15:30

 USD 6-Month Bill Auction

 

2.16%