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Weekly Forex Technical Analysis, Nov 27 – Dec 1, 2017
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The US Dollar fell during the previous week after the Fed released its meeting minutes which was interpreted as extremely dovish by traders and investors.
The US Dollar fell during the previous week after the Fed released its meeting minutes which was interpreted as extremely dovish by traders and investors.
The U.S. Dollar Index tumbled to 92.707, down -0.46%.
In the week ahead, investors will closely watch:
- US GDP on Wednesday at 13:30 GMT
- China PMI on Thursday at 1:00 GMT
- Japan’s October CPIN and Unemployment data on Thursday at 11:30 GMT
EUR/USD
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 1.1548 | 1.1631 | 1.1780 | 1.1862 | 1.2011 | 1.2093 | 1.2242 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 1.1713 | 1.1768 | 1.1801 | 1.1829 | 1.1856 | 1.1944 |
GBP/USD
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 1.3049 | 1.3117 | 1.3223 | 1.3291 | 1.3397 | 1.3466 | 1.3571 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 1.3186 | 1.3227 | 1.3252 | 1.3273 | 1.3293 | 1.3360 |
USD/JPY
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 109.15 | 110.11 | 110.80 | 111.76 | 112.45 | 113.41 | 114.10 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 111.07 | 111.46 | 111.70 | 111.89 | 112.09 | 112.72 |
EUR/JPY
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 129.66 | 130.41 | 131.72 | 132.48 | 133.79 | 134.55 | 135.86 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 131.17 | 131.66 | 131.96 | 132.20 | 132.45 | 133.24 |
GBP/JPY
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 145.94 | 146.79 | 147.68 | 148.52 | 149.42 | 150.26 | 151.16 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 147.63 | 148.04 | 148.29 | 148.50 | 148.70 | 149.37 |
This post was originally published by EarnForex
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Andriy Morarucontributor
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