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Weekly Forex Technical Analysis, Sep 11 – Sep 15, 2017

By
Andriy Moraru
Published: Sep 10, 2017, 08:09 GMT+00:00

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

Weekly Forex Technical Analysis, Sep 11 – Sep 15, 2017

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
EUR/USD Daily Chart – Pivot Points

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
EUR/USD Daily Chart – Fibonacci

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
GBP/USD Daily Chart – Pivot Points

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
GBP/USD Daily Chart – Fibonacci

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
USD/JPY Daily Chart – Pivot Points

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
USD/JPY Daily Chart – Fibonacci

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
EUR/JPY Daily Chart – Pivot Points

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
EUR/JPY Daily Chart – Fibonacci

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
GBP/JPY Daily Chart – Pivot Points

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
GBP/JPY Daily Chart – Fibonacci

This post was originally published by EarnForex

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Andriy Morarucontributor

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