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Weekly Forex Technical Analysis, Sep 11 – Sep 15, 2017
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The US Dollar continued to fall during the previous week as expectations for another rate hike this year faded. The US Dollar index fell to its 2½ year
The US Dollar continued to fall during the previous week as expectations for another rate hike this year faded. The US Dollar index fell to its 2½ year low after the ECB meeting on Thursday signaled a tightening monetary policy.
In the week ahead, investors will closely watch UK CPI on Tuesday, UK Unemployment data on Wednesday, UK retail sales, and the BoE interest Decision on Thursday and the US CPI on Thursday.
EUR/USD
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 1.1680 | 1.1774 | 1.1904 | 1.1998 | 1.2128 | 1.2222 | 1.2352 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 1.1868 | 1.1921 | 1.1954 | 1.1980 | 1.2006 | 1.2092 |
GBP/USD
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 1.2688 | 1.2798 | 1.3004 | 1.3114 | 1.3319 | 1.3429 | 1.3635 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 1.2908 | 1.2983 | 1.3029 | 1.3066 | 1.3103 | 1.3224 |
USD/JPY
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 104.17 | 105.74 | 106.79 | 108.36 | 109.40 | 110.98 | 112.02 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 107.31 | 107.93 | 108.31 | 108.62 | 108.93 | 109.93 |
EUR/JPY
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 127.17 | 128.27 | 128.90 | 130.00 | 130.64 | 131.73 | 132.37 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 129.36 | 129.77 | 130.02 | 130.23 | 130.43 | 131.09 |
GBP/JPY
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 139.88 | 140.53 | 141.37 | 142.02 | 142.87 | 143.51 | 144.36 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 141.18 | 141.53 | 141.75 | 141.92 | 142.10 | 142.67 |
This post was originally published by EarnForex
About the Author
Andriy Morarucontributor
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