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ECB, BoC Highlight Key Setups for September

ECB, BoC Highlight Key Setups for September

2017-09-05 15:11:00
Michael Boutros, Technical Strategist
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It’s the start of a new month and hopefully the end of the summer doldrums we’ve experienced over the past few weeks. The technical picture is starting to look appealing on a number of crosses with the DXY still hovering above longer-term Fibonacci support at 91.94.

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Highlighting this week’s event risk will be the central bank interest rate decisions from the Bank of Canada (BoC) and the European Central Bank (ECB). We’ll be closely tracking the Euro setups highlighted today as we head into the release with markets looking for the ECB’s take on the ongoing Euro strength- expect volatility.

In this webinar we reviewed current & pending setups and updated technical levels on DXY, EURUSD, EURGBP, NZDUSD, ETHUSD (Ethereum), USDCAD, Gold, AUDUSD, GBPUSD, EURNZD, GBPJPY and Crude.

Join Michael for his bi-weekly Webinar on the Foundations of Technical Analysis- Register for Free Here!

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Key Data Releases

Economic Docket 9-5-2017

Other Setups in Play:

See our 3Q FX projections in the Free DailyFX Trading Forecasts.

---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.

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

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