EURUSD Market Overview

Harmonic Pattern: In EURUSD pair, we found bullish bat pattern & it is possible that, price might go towards 110+ pips up from its current position.

Current Price: 1.1684
Possible up trend towards: 1.1794 (110+ pips up)
Trend Cancellation at: 1.1604

Time: July 15, 2018

Analysis: by analyzing lower time frame, we confirm that price has strong up trend, until it cross lower band levels.

lower band level 1: 1.1649
lower band level 2: 1.1628

Time: July 15, 8:40 PM (UTC+6)

Analysis: price has weak uptrend right now, unless it cross lower band levels, current trend will continue.

lower band level 1: 1.1660
lower band level 2: 1.1644

Time: July 16, 10:35 AM (UTC+6)

Trading Chart: Daily time frame
Pivot Points: Support & Resistance
Technical Indicators: 13

Summary: Market is ranging
Time: July 16, 2018

News: Eurozone Trade Balance
The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported.

Actual: 16.7B
Forecast: 14.2B

Impact on: EUR currency
Impact time: July 16, 3:00 PM (UTC+6)

Source: http://ec.europa.eu/eurostat

Analysis: price still has strong uptrend right now, unless it cross lower band levels, current trend will continue.
Current trend: Strong up trend

lower band level 1: 1.1698
lower band level 2: 1.1681

Time: July 17, 12:37 PM (UTC+6)

Trading Chart: Daily time frame
Pivot Points: Support & Resistance
Technical Indicators: 13

Summary: Strong up trend
Time: July 17, 2018

Analysis: price is ranging right now, its better to stay away from market until price hit one of the lower or upper band level & start a strong trend.

Current trend: Market is ranging

upper band level: 1.1738
lower band level: 1.1663

Time: July 17, 8:23 PM (UTC+6)

Long term analysis: price has down trend for long term unless it cross resistance levels.

resistance level 1: 1.1789
resistance level 2: 1.1853

Time: July 17, 8:54 PM (UTC+6)

Analysis: price has strong down trend, until it cross upper band levels current trend will continue.

Current trend: Strong down trend

upper band level 1: 1.1685
upper band level 2: 1.1703

Time: July 18, 10:57 AM (UTC+6)

Trading Chart: Daily time frame
Pivot Points: Support & Resistance
Technical Indicators: 13

Summary: Strong down trend
Time: July 18, 2018

News: U.S. Building Permits
Building Permits measures the change in the number of new building permits issued by the government. Building permits are a key indicator of demand in the housing market.

Actual: 1.301M
Forecast: 1.350M
Previous: 1.364M

Impact on: USD currency
Impact time: July 18, 6:30 PM (UTC+6)
Impact level: High

Source: http://www.census.gov (https://l.facebook.com/l.php?u=http%3A%2F%2Fwww.census.gov%2F&h=AT3KRDGocKwFVcILaRmvJa8yNAyog0CHxpfsJV3hWOB1Wtu4UfoAnzFxgCneTIIfwiAtyyVMExngf7t5XCq_xX8TN6t-FZY_GWDp254OoOI2JUPNfzM-QPCAi7U5L-4sv4BuRPG1YIwGJaT_NHFzCDQ)

Analysis: price has very strong down trend, until it cross upper band levels current trend will continue.

Current trend: Strong down trend

upper band level 1: 1.1619
upper band level 2: 1.1632

Time: July 19, 6:29 PM (UTC+6)

Trading Chart: Daily time frame
Pivot Points: Support & Resistance
Technical Indicators: 13

Summary: Strong down trend
Time: July 19, 2018

Analysis: before market closed, price still has strong up trend & if price cross lower band levels then quit from all trades.
Current trend: Strong up trend

lower band level 1: 1.1680
lower band level 2: 1.1654

Time: July 21, 11:18 AM (UTC+6)

Trading Chart: Daily time frame
Pivot Points: Support & Resistance
Technical Indicators: 13

Summary: Weak up trend
Time: July 21, 2018

Analysis: market has initiated down trend & unless it cross upper band levels keep trading only short trades.
Current trend: Strong down trend

upper band level 1: 1.1706
upper band level 2: 1.1729

Time: July 24, 12:15 PM (UTC+6)