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CURRENCIES TECHNICAL ANALYSIS SEPTEMBER.02

Euro

The euro strengthened against the dollar on Thursday. Buyers were able to push the price from the support 1.1130 to the resistance 1.1200.

Buyers will keep control if they break the level 1.1200. In this scenario, buyers will lead the price towards 1.1270 and 1.1350. Sellers will have the ball if they break the level 1.1130 down. Their goals are the marks: 1.1070 and 1.1000.

02_09_2016 eurusd
Pound

The pound rallied against the dollar, the sterling was able to grow by 100 points. The instrument managed to break the level 1.3200 and stopped above it.

Buyers will keep control if they break the level 1.3360. In this scenario, buyers will lead the price towards 1.3500. Sellers will have the ball if they break the level 1.3200 down. Their goals are the marks: 1.3100 and 1.3000.

02_09_2016 gbpusd

Yen


The pair is still in an ascending channel. The price was able to set a new daily high at 103.80. The dollar softened against the yen in the North American Session on Thursday. Despite a decrease the price is still overbought.

Buyers will return control if they break the level 104.00. The level 104.50 is the next buyers’ target.
Bears will strengthen their positions if they break the level 103.50. Sellers’ targets are 102.50 and 101.40.

02_09_2016 usdjpy

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