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Weekly Forex Technical Analysis, July 24 – July 28, 2017
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The US Dollar has continued its downfall versus all major currencies as US rate hike expectations significantly decreased while other central banks imply
The US Dollar has continued its downfall versus all major currencies as US rate hike expectations significantly decreased while other central banks imply for economic growth and towards tightening monetary policy.
We have a busy week in front of us with the BoJ minutes, Australia CPI, UK GDP, FOMC rate decision, Japan CPI US GDP and more economic events.
EUR/USD
Floor Pivot Points
3rd Sup |
2nd Sup |
1st Sup |
Pivot |
1st Res |
2nd Res |
3rd Res |
| 1.1256 | 1.1345 | 1.1504 | 1.1593 | 1.1752 | 1.1841 | 1.2000 |
Fibonacci Retracement Levels
0.0% |
23.6% |
38.2% |
50.0% |
61.8% |
100.0% |
| 1.1435 | 1.1493 | 1.1529 | 1.1559 | 1.1588 | 1.1683 |
GBP/USD
Floor Pivot Points
3rd Sup |
2nd Sup |
1st Sup |
Pivot |
1st Res |
2nd Res |
3rd Res |
| 1.2716 | 1.2824 | 1.2909 | 1.3017 | 1.3101 | 1.3210 | 1.3294 |
Fibonacci Retracement Levels
0.0% |
23.6% |
38.2% |
50.0% |
61.8% |
100.0% |
| 1.2932 | 1.2978 | 1.3006 | 1.3029 | 1.3051 | 1.3125 |
USD/JPY
Floor Pivot Points
3rd Sup |
2nd Sup |
1st Sup |
Pivot |
1st Res |
2nd Res |
3rd Res |
| 108.61 | 109.81 | 110.47 | 111.66 | 112.32 | 113.52 | 114.18 |
Fibonacci Retracement Levels
0.0% |
23.6% |
38.2% |
50.0% |
61.8% |
100.0% |
| 111.01 | 111.45 | 111.72 | 111.94 | 112.15 | 112.86 |
EUR/JPY
Floor Pivot Points
3rd Sup |
2nd Sup |
1st Sup |
Pivot |
1st Res |
2nd Res |
3rd Res |
| 126.68 | 127.63 | 128.61 | 129.55 | 130.53 | 131.48 | 132.46 |
Fibonacci Retracement Levels
0.0% |
23.6% |
38.2% |
50.0% |
61.8% |
100.0% |
| 128.57 | 129.03 | 129.31 | 129.54 | 129.76 | 130.50 |
GBP/JPY
Floor Pivot Points
3rd Sup |
2nd Sup |
1st Sup |
Pivot |
1st Res |
2nd Res |
3rd Res |
| 139.50 | 141.77 | 143.06 | 145.33 | 146.61 | 148.88 | 150.16 |
Fibonacci Retracement Levels
0.0% |
23.6% |
38.2% |
50.0% |
61.8% |
100.0% |
| 144.04 | 144.88 | 145.40 | 145.82 | 146.24 | 147.60 |
This post was originally published by EarnForex
About the Author
Andriy Morarucontributor
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