- Review of current / active setups into the weekly open
- Review the Foundations of Technical Analysis mini-series
- Join Michael for Live Weekly Trading Webinars on Mondays at 12:30GMT
Price action hasn’t been all that inspiring lately but it’s a good time to have your levels all mapped out for when volatility returns. The DXY is heading into near-term support to open the week and likewise we’ll be watching EURUSD.
Cryptocurrencies continue be of interest at these levels with a breakout in Ethereum prices keeping our focus. Initial resistance targets are eyed at 347/50 where the 78.6% retracement of the June decline converges on up-slope resistance. Initial support now 314.
See our New 3Q FX projections in the Free DailyFX Trading Forecasts.
Highlighting this week’s event risk will be the annual Jackson Hole Economic Symposium with European Central Bank (ECB) President Mario Draghi & Federal Reserve Chair Janet Yellen slated for commentary late in the week.
In this webinar we reviewed current & pending setups and updated technical levels on DXY, EURUSD, Gold, AUDUSD, NZDUSD, GBPUSD, AUDJPY, GBPNZD, EURAUD, ETHUSD, BTCUSD, GBPJPY, XPDUSD.
Join Michael for his bi-weekly Webinar on the Foundations of Technical Analysis- Register for Free Here!
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Key Data Releases
Other Setups in Play:
- Are Gold Prices on the Verge of Fresh Yearly High?
- AUD/USD Bull-Flag Breakout in the Works
- GBP/USD Prices Testing Support- Risk for Further Losses Remains
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---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.
