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Weekly Forex Technical Analysis, Oct 30 – Nov 3, 2017

By: 
Andriy Moraru
Published: Oct 29, 2017, 09:29 GMT+00:00

The US dollar closed the previous week at multi-month high while the Euro fell to three month low after the ECB announced to extend their quantitative

Weekly Forex Technical Analysis

The US dollar closed the previous week at multi-month high while the Euro fell to three month low after the ECB announced to extend their quantitative easing program. EUR/USD finished the week at 1.1607, down -1.44%.

In the week ahead, investors will closely watch:

  • Japan September Retail Sales on Monday at 00:50 GMT
  • BoJ Rate Decision and quarterly outlook report on Tuesday at 4:00 GMT
  • Eurozone Inflation on Tuesday at 11:00 GMT
  • US ADP Employment on Wednesday at 13:15 GMT
  • Fed Interest Rate Decision on Wednesday at 19:00 GMT
  • US Non-Farm Payrolls for October on Friday at 13:30 GMT

EUR/USD

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1246 1.1410 1.1509 1.1673 1.1771 1.1935 1.2034
EUR/USD Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.1574 1.1636 1.1674 1.1705 1.1736 1.1837
EUR/USD Daily Chart – Fibonacci

GBP/USD

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.2829 1.2949 1.3039 1.3159 1.3248 1.3369 1.3458
GBP/USD Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.3070 1.3119 1.3150 1.3174 1.3199 1.3279
GBP/USD Daily Chart – Fibonacci

USD/JPY

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
111.91 112.58 113.12 113.79 114.33 114.99 115.54
USD/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
113.24 113.53 113.70 113.85 113.99 114.45
USD/JPY Daily Chart – Fibonacci

EUR/JPY

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
128.21 129.98 130.96 132.73 133.71 135.48 136.46
EUR/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
131.75 132.40 132.80 133.13 133.45 134.50
EUR/JPY Daily Chart – Fibonacci

GBP/JPY

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
145.75 147.31 148.26 149.83 150.77 152.34 153.29
GBP/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
148.88 149.47 149.84 150.14 150.43 151.39
GBP/JPY Daily Chart – Fibonacci

This post was originally published by EarnForex

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