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Weekly Forex Technical Analysis, Oct 2 – Oct 6, 2017
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The US Dollar rose to its five-week high during the previous week on Hawkish Fed after Yellen's speech and better than expected economic data. The Euro
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The US Dollar rose to its five-week high during the previous week on Hawkish Fed after Yellen’s speech and better than expected economic data. The Euro was under pressure as the German elections and comments by the ECB weighed on the currency. The EUR/USD finished the week at 1.1814, down 0.0133 or -1.11%.
In the week ahead, investors will closely watch:
- RBA Rate Decision on Tuesday at 4:30 GMT
- US ADP Employment on Wednesday at 11:25 GMT
- US Trade Balance on Thursday at 13:30 GMT
- US Non-Farm Payrolls on Friday at 13:30 GMT
EUR/USD
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 1.1488 | 1.1603 | 1.1708 | 1.1822 | 1.1927 | 1.2042 | 1.2147 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 1.1717 | 1.1769 | 1.1801 | 1.1827 | 1.1853 | 1.1937 |
GBP/USD
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 1.3075 | 1.3209 | 1.3303 | 1.3437 | 1.3531 | 1.3665 | 1.3759 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 1.3343 | 1.3396 | 1.3430 | 1.3457 | 1.3483 | 1.3571 |
USD/JPY
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 109.74 | 110.61 | 111.53 | 112.39 | 113.31 | 114.18 | 115.09 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 111.47 | 111.89 | 112.15 | 112.36 | 112.57 | 113.26 |
EUR/JPY
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 129.15 | 130.45 | 131.64 | 132.94 | 134.13 | 135.43 | 136.62 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 131.75 | 132.33 | 132.70 | 132.99 | 133.29 | 134.24 |
GBP/JPY
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 146.93 | 148.34 | 149.46 | 150.86 | 151.98 | 153.38 | 154.50 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 149.75 | 150.34 | 150.71 | 151.01 | 151.30 | 152.27 |
This post was originally published by EarnForex
About the Author
Andriy Morarucontributor
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