E Forex Analysis Of EUR/USD For Tuesday, August 14

In Forex Trading, every day is not an independent day, it is an extension day of the previous day trading. First, we look into the previous day trade and what happened on August 13, 2018, and the EUR/USD pair opened at 1.13714 and went high at 1.14324 and gone to low at 1.13646 and finally closed at 1.13995. The calculated pivot point for the day is 1.13988.

The difference between high and low was 68 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 1.1434, 1.1475, levels and sell at 1.1375, 1.1284 levels, in order to get more profits. It is moving sideways and will try to go on the upper side.

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

1.1435

1.1480

1.1510

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

09:00

EUR Industrial Production w.d.a. (YoY)

2.5%

2.6%

09:00

EUR Gross Domestic Product s.a. (YoY)

2.2%

2.1%

09:00

EUR Gross Domestic Product s.a. (QoQ)

0.4%

0.3%

10:00

USD NFIB Business Optimism Index

107.9

107.2

n/a

EUR 6-Month Letras Auction

-0.419%

-0.399%

n/a

EUR 12-Month Letras Auction

-0.362%

-0.351%