US Dollar Majors, Gold, Bitcoin, Equities Weekly Technical Outlook

• Technical trade setups we are tracking into the start of the week on the USD Majors, commodities, and equity indices.
• Next Weekly Strategy Webinar: Monday, September 7 at 8:30am ET
• Event risk this week: BoC & RBNZ rate decisions, ADP employment & Non-Farm Payrolls
• Review the latest Video Updates or Stream Live on my YouTube playlist

In this webinar we take an in-depth look at the technical trade levels for the US Dollar (DXY), Euro (EUR/USD), British Pound (GBP/USD), Australian Dollar (AUD/USD), Canadian Dollar (USD/CAD), Japanese Yen (USD/JPY), Swiss Franc (USD/CHF), Gold (XAU/USD), Crude Oil (WTI), Bitcoin (BTC/USD), S&P 500 (SPX500), Nasdaq (NDX), and Dow Jones (DJI). These are the levels that matter on the technical charts into the weekly open. The assets are chaptered on the recording for your convenience.

Euro Price Chart – EUR/USD 240min

Chart Prepared by Michael Boutros, Sr. Technical Strategist; EUR/USD on TradingView

Notes: Euro rebounded off confluent support into the start of the week at 1.1534/78- a region defined by the 38.2% retracement of the June advance and the May/January swing lows.  Note that the lower parallel of the July uptrend converges on this zone over the next few days and losses below this threshold would be needed to suggest a more significant near-term high is in place, and a larger trend reversal is underway. Subsequent support objectives rest with the August open at 1.1535 and the 61.8% retracement at 1.1472.