Forex & Commodities Key Trading Levels to Watch This Week

The US dollar remained weak across the board on the back of increased US –Sino tensions and risk-on market sentiment. It came under pressure for being the safe-haven currency and the world’s reserve currency during the risk-on trend.

Let’s take a look at key trading levels to watch this week.

EUR/USD – Daily Technical Levels

Support Resistance
1.0798 1.1009
1.0694 1.1114
1.0588 1.1219
Pivot Point 1.0904

GBP/USD – Daily Technical Levels

Support Resistance
1.2061 1.2283
1.1957 1.2401
1.184 1.2505
Pivot Point 1.2179

USD/JPY – Daily Technical Levels

Support Resistance
107.07 108.12
106.53 108.63
106.02 109.18
Pivot Point 107.58

GOLD – XAU/USD – Daily Technical Levels

Support Resistance
1708.6 1769.1
1681.7 1802.7
1648.1 1829.6
Pivot Point 1742.2

WTI Crude Oil – Daily Technical Levels

Support Resistance
30.3 35.43
27.35 37.61
25.17 40.56
Pivot Point 32.48

ABOUT THE AUTHOR See More

Arslan Butt

Index & Commodity Analyst

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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