Set Your Positions Ahead Of a Loaded Fundamental News Week.

Economic News

USD

Low Volatility Expected In Observance of U.S Labor Day.

EUR

EUR Indicators Aim to Dictate Today's Trading Direction.

JPY

JPY Looks to Continue Last Week's Bullishness.

Oil

The Storm Alert Has Drawn Attention World-Wide

Technical News

EUR/USD

The pair continues to fluctuate within a restricted price range, without making any significant breach. Currently, as all oscillators on the 4 hour chart are pointing down, the pair might be ready to enter another downtrend, with a price target of 1.5480.

GBP/USD

The pair is reaching new lows on a daily basis, as the cable is now traded around 1.8040. The Bollinger Bands on the 4 hour chart have dropped beneath the current price, suggesting that further bearish movement is likely to take place. Going short might be preferable today.

USD/JPY

The pair is attempting to enter a sustained downtrend, as has recently tested the 108.20 level. Should the pair breach through this level, further bearish behavior might occur, with a price target of 107.50.

USD/CHF

The pair is continuing to provide mixed results, and is now traded around the 1.1030 level. The one hour chart demonstrates a flat line ever since the beginning of the trading week. Traders are advised to wait for a clearer signal before entering the market on this one.

Source: FOREXYARD