A lively trading week it has began.
We may see a a lot more action as June unwinds for July to ursher in the second half of 2020.
End or month, end of quarter targets may drive price but we also have a news packed calendar.
And don’t forget COVID-19 is still wrecking havoc as a cure is yet to be found.
Scalpers and news traders are in for a treat.
Here are the key pivot levels of the currency pairs we are trading this week.
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Key Price levels this week.
Pivot – 1.1244.
Resistance Levels: 1.1313, 1.1355, 1.1386, 1.1424.
Support Levels: 1.1175, 1.1133, 1.1103, 1.1064
Pivot – 1.2397.
Resistance Levels: 1.2484, 1.2538, 1.2576, 1.2625.
Support levels. 1.2310, 1.2256, 1.2217, 1.2169
Pivot – 120.203.
Resistance levels: 120.890, 121.312, 121.613, 121.996
Support levels: 119.522, 119.100, 118.799, 118.416
Pivot – 1764.14.
Resistance levels: 1778.10, 1786.72, 1792.86, 1800.67.
Support Levels: 1750.19, 1741.57, 1735.43, 1727.61
Key Fundamentals this week.
Monday, June 29
GBP – BOE Gov Bailey Speaks
USD – Pending Home Sales
Tuesday, June 30
USD – Chicago PMI
USD – CB Consumer Confidence
USD – Fed Chair Powell Testifies
Wednesday, July 01
GBP – MPC Member Haskel Speaks
USD – ADP Non-Farm Employment Change
USD – ISM Manufacturing PMI
USD – FOMC Meeting Minutes
Thursday, July 02
USD – Average Hourly Earnings
USD – Non-Farm Employment Change
USD – Unemployment Rate
USD – Unemployment Claims
Friday, July 03
GBP – Final Services PMI
USD – Bank Holiday
I’ve dropped the last three pivots levels in this article to give the candles breathing space.
I will give you my pivot indicator for free if you signup to my newsletter.
With it you can get the key price levelsfor any instrument you are trading on any MT4 platform.
Till next week.
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