Retail Sales, Philly Fed Index & EIA Report Ahead – Key Levels to Watch - Forex News by FX Leaders

Retail Sales, Philly Fed Index & EIA Report Ahead – Key Levels to Watch

Posted Thursday, October 17, 2019 by
Arslan Butt • 1 min read

What’s up, traders.

The market is likely to exhibit fluctuations in the wake of the busy calendar. The UK Retail Sales, Philly Fed Manufacturing from the US and EIA stockpiles report are likely to drive some price action in the market. Watch out the major trading levels today.

 

 EUR/USD – Technical Levels 

Support Resistance

1.1036 1.1099

1.0997 1.1124

1.0934 1.1187

Key Trading Level: 1.1061

 

 USD/JPY – Technical Levels 

Support Resistance

108.58 108.86

108.43 109

108.14 109.28

Key Trading Level: 108.71

 

 GBP/USD – Technical Levels 

Support Resistance

1.2691 1.2912

1.2563 1.3006

1.2341 1.3228

Key Trading Level: 1.2785

 

 GOLD – XAU/USD – Technical Levels 

Support Resistance

1480.87 1495.53

1471.63 1500.95

1456.97 1515.61

Key Trading Level: 1486.29

 

 WTI Crude Oil – Technical Levels 

Support Resistance

52.5 53.71

51.94 54.36

50.73 55.57

Key Trading Level: 53.15

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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