We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bearish
GBP/USD
Bearish
USD/JPY
Mixed
Gold
Mixed
Oil - US Crude
Mixed
Bitcoin
Mixed
More View more
Notice

DailyFX PLUS Content Now Available Freely to all DailyFX Users

Real Time News
  • Trader tip: Not making a decision means avoiding #FOMOintrading. @IlyaSpivak https://t.co/PGD0n13D9p
  • Easing trade tensions provide tailwinds for equity markets. Get your update form @JMcQueenFX here: https://t.co/79q553DJNa
  • Here's a link to my technical outlook for the Dollar this week: 'US Dollar Facing Measured Breakout and In Its Long Grind Higher' https://www.dailyfx.com/forex/technical/article/fx_technical_weekly/2019/09/22/US-Dollar-Facing-Measured-Breakout-and-In-Its-Long-Grind-Higher.html?utm_source=Twitter&utm_medium=Kicklighter&utm_campaign=twr
  • RT @business: A senior official from the Bank for International Settlements has added his voice to those calling on governments to back up…
  • RT @JimPethokoukis: “The recent rise in trade policy uncertainty is extraordinary by several metrics ... much evidence points to negative e…
  • Traders should know how to confidently approach, enter and exit both Bull or Bear markets. Need some insight into it? Get it from @nickcawley1 here: https://t.co/GhvvFrB3gz https://t.co/JxyCkhOHSS
  • What is the biggest obstacle a trader needs to overcome to be successful? Find out from @JWagnerFXTrader here: https://t.co/7nWHSApUzS #FOMOintrading https://t.co/vXfEWo58RY
  • OECD warns of recession, central banks unleash, and the $USD builds breakout pressure. Get your update from @JohnKicklighter here: https://t.co/UKg6wfl8PB
  • What are the 6 common mistakes traders make? Is #FOMO a common mistake? Find out from @PaulRobinsonFX here:https://t.co/B7hOpGEHMp #FOMOintrading https://t.co/WOYk6lOJur
  • All currencies are not the same; emerging market #FX trades differently than developed market FX. Find out how these currencies differ, from @CVecchioFX here: https://t.co/BH8oal18sz https://t.co/IvomjZw0Bc
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, Technical Strategist
Share:

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!

---

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.

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

DISCLOSURES

News & Analysis at your fingertips.