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Webinar: USD, EUR Back at Yearly Open- US GDP in Focus

Webinar: USD, EUR Back at Yearly Open- US GDP in Focus

Michael Boutros, Strategist
  • USD rally testing near-term resistance- Yen crosses in focus
  • Updated targets & invalidation levels
  • Looking for trade ideas? Review DailyFX’s 2016 4Q Projections

The USD Index (DXY) is testing the 2016 open as resistance as the EURUSD tests its yearly open as support. We’ll be looking for some back-and-fill to start off the week with the immediate topside bias at risk near-term. The yen crosses of particular interest with the EURJPY & NZDJPY setups highlighted last week in focus.

Key technical setups discussed on DXY, NZDJPY, EURJPY, AUDNZD, DAX, Crude Oil, Silver, Gold, EURUSD, EURCAD, USDCAD, and AUDJPY. The economic docket this week is highlighted by Aussie CPI and UK & U.S. GDP. Continue tracking these setups and more throughout the week- Subscribe to SB Trade Desk and take advantage of the DailyFX New Subscriber Discount.

Relevant Data Releases

Webinar: USD, EUR Back at Yearly Open- US GDP in Focus

Help fine-tune you entries, click here to learn more about the DailyFX Grid Sight Index (GSI)

Other Setups in Play:

---Written by Michael Boutros, Currency Strategist with DailyFX

Follow Michaelon Twitter @MBForex contact him at mboutros@dailyfx.com or Click Here to be added to his email distribution list

Join Michael for Live Scalping Webinars on Mondays on DailyFX and Tuesday, Wednesday & Thursday’s on SB Trade Desk at 12:30 GMT (8:30ET)

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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