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Weekly Technical Outlook: Top December Setups on USD, EUR Crosses

Weekly Technical Outlook: Top December Setups on USD, EUR Crosses

2017-12-04 16:12:00
Michael Boutros, Strategist
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The start of the final month of 2017 trade sees the majors trading at some pretty critical levels. Most notably, the dollar index (DXY) remains in focus as price opens the month just below near-term confluence resistance at 93.50.

Event risk kicks off early this week with the Reserve Bank of Australia (RBA) and Bank of Canada (BoC) on tap. Keep in mind we also have the U.S. Non-Farm Payrolls report slated for Monday and the data releases could be instrumental in helping set the monthly opening ranges.

New to FX? Review this Free Beginners Guide to get started!

In this webinar we reviewed current & pending setups and updated technical levels on DXY, EURUSD, EURNZD, GBPUSD, AUDUSD, USDCHF, USDCAD, Gold, Oil, Bitcoin (BTCUSD), Ethereum (ETHUSD), EURAUD, EURGBP, USDJPY, and EURJPY.

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

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Key Data Releases

Economic Calendar 12/4/2017

Why does the average trader lose? Avoid these Mistakes in your trading

Other Setups in Play:

See our 4Q Projections in our 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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