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Weekly Forex Technical Analysis, Jul 3 – Jul 7, 2017
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The previous week had significant impact on Forex markets with Draghi's hawkish comment that raised the Eur versus the dollar and other currencies. The
The previous week had significant impact on Forex markets with Draghi’s hawkish comment that raised the Eur versus the dollar and other currencies.
The U.S. Dollar fell sharply last week against a basket of currencies as talk of higher global interest rates dominated upbeat U.S. economic data and hawkish commentary from Fed officials.
In the week ahead, RBA rate decision, ECB non-monetary meeting, FOMC minutes and Non-farm payrolls will be in focus.
EUR/USD
Floor Pivot Points
3rd Sup |
2nd Sup |
1st Sup |
Pivot |
1st Res |
2nd Res |
3rd Res |
| 1.0976 | 1.1074 | 1.1250 | 1.1347 | 1.1523 | 1.1621 | 1.1797 |
Fibonacci Retracement Levels
0.0% |
23.6% |
38.2% |
50.0% |
61.8% |
100.0% |
| 1.1171 | 1.1236 | 1.1276 | 1.1308 | 1.1341 | 1.1445 |
GBP/USD
Floor Pivot Points
3rd Sup |
2nd Sup |
1st Sup |
Pivot |
1st Res |
2nd Res |
3rd Res |
| 1.2485 | 1.2595 | 1.2809 | 1.2919 | 1.3132 | 1.3243 | 1.3456 |
Fibonacci Retracement Levels
0.0% |
23.6% |
38.2% |
50.0% |
61.8% |
100.0% |
| 1.2706 | 1.2782 | 1.2829 | 1.2867 | 1.2906 | 1.3029 |
USD/JPY
Floor Pivot Points
3rd Sup |
2nd Sup |
1st Sup |
Pivot |
1st Res |
2nd Res |
3rd Res |
| 109.54 | 110.33 | 111.35 | 112.13 | 113.15 | 113.94 | 114.95 |
Fibonacci Retracement Levels
0.0% |
23.6% |
38.2% |
50.0% |
61.8% |
100.0% |
| 111.12 | 111.54 | 111.81 | 112.02 | 112.23 | 112.92 |
EUR/JPY
Floor Pivot Points
3rd Sup |
2nd Sup |
1st Sup |
Pivot |
1st Res |
2nd Res |
3rd Res |
| 121.10 | 122.74 | 125.54 | 127.18 | 129.99 | 131.63 | 134.43 |
Fibonacci Retracement Levels
0.0% |
23.6% |
38.2% |
50.0% |
61.8% |
100.0% |
| 124.38 | 125.43 | 126.08 | 126.60 | 127.13 | 128.83 |
GBP/JPY
Floor Pivot Points
3rd Sup |
2nd Sup |
1st Sup |
Pivot |
1st Res |
2nd Res |
3rd Res |
| 137.92 | 139.70 | 142.98 | 144.76 | 148.05 | 149.82 | 153.11 |
Fibonacci Retracement Levels
0.0% |
23.6% |
38.2% |
50.0% |
61.8% |
100.0% |
| 141.47 | 142.67 | 143.41 | 144.00 | 144.60 | 146.54 |
This post was originally published by EarnForex
About the Author
Andriy Morarucontributor
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