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Weekly Forex Technical Analysis, Nov 13 – Nov 17, 2017

Andriy Moraru

The US Dollar closed the previous week slightly lower on the US tax reform uncertainty. U.S. Dollar Index finished the week at 94.278, down -0.61%. The Euro was strengthening versus most currencies to settle at 1.1667. The week ahead will be busy with plenty of economic events.

In the week ahead, investors will closely watch:

  • UK CPI on Tuesday at 9:30 GMT
  • Eurozone on Tuesday at 10:00 GMT
  • German ZEW Index on Tuesday at 10:00 GMT
  • Japan GDP on Tuesday at 23:50 GMT
  • US CPI &Retail Sales on Wednesday at 13:30 GMT
  • UK Retail Sales on Thursday at 9:30 GMT
  • Eurozone Inflation on Thursday at 10:00 GMT

EUR/USD

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1462 1.1508 1.1586 1.1632 1.1710 1.1756 1.1834
EUR/USD Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.1554 1.1583 1.1601 1.1616 1.1631 1.1678
EUR/USD Daily Chart – Fibonacci

GBP/USD

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.2918 1.2988 1.3089 1.3159 1.3259 1.3330 1.3430
GBP/USD Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.3058 1.3099 1.3124 1.3144 1.3164 1.3229
GBP/USD Daily Chart – Fibonacci

USD/JPY

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
111.18 112.14 112.83 113.78 114.47 115.42 116.11
USD/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
113.09 113.48 113.72 113.91 114.11 114.73
GBP/USD Daily Chart -Fibonacci

EUR/JPY

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
129.77 130.58 131.49 132.31 133.21 134.03 134.94
EUR/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
131.40 131.80 132.05 132.26 132.46 133.12
EUR/JPY Daily Chart – Fibonacci

GBP/JPY

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
146.78 147.61 148.66 149.49 150.54 151.37 152.43
GBP/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
148.44 148.88 149.16 149.38 149.60 150.32
GBP/JPY Daily Chart – Fibonacci

This post was originally published by EarnForex

This article was originally posted on FX Empire

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