Key Price Levels for GBPUSD, EURUSD, EURJPY, and Gold – September 7-11, 2020

Welcome to another week with sparse high impact news.

Despite the better than expected NFPs, USD weakness continues to persist.

The markets are looking for something more concrete to dictate USD direction.

We have a news-free trading week until Thursday 10, where we have the EU Main Refinancing Rate and the Monetary Policy Statement

Quiet sessions are often characterized by price respecting technicals, steadily heading for known support resistance levels.

If you are trading Gold, EURJPY, EURUSD, and GBPUSD here are the key levels to watch this week.

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Key Price levels this week.

EURUSD.

EURUSD weekly forecast september 7-11

Pivot – 1.18616

Resistance Levels: 1.19218, 1.19590, 1.19854, 1.20191

Support Levels: 1.18015, 1.17643, 1.17378, 1.17041

GBPUSD.

GBPUSD weekly forecast september 7-11

Pivot – 1.33125

Resistance Levels: 1.34296, 1.35019, 1.35535, 1.36191

Support levels. 1.31953, 1.31230, 1.30715, 1.30059

EURJPY.

EURJPY weekly forecast september 7-11

Pivot – 126.022

Resistance levels: 126.704, 127.126, 127.426, 127.809

Support levels: 125.339, 124.917, 124.617, 124.235

GOLD.

Gold weekly forecast september 7-11

Pivot – 1947.17

Resistance levels: 1976.18, 1994.10, 2006.86, 2023.12

Support Levels: 1918.15, 1900.23, 1887.47, 1871.22

Key Fundamentals this week.

Monday, September 7

USD – US Bank holiday

Tuesday, September 8

No major scheduled news events.

Wednesday, September 9

No major scheduled news events.

Thursday, September 10

EUR – Main Refinancing Rate
EUR – Monetary Policy Statement
EUR – ECB Press Conference
USD – Core PPI m/m
USD – PPI m/m
USD – Unemployment Claims
USD – Crude Oil Inventories

Friday, September 11

EUR – Eurogroup Meetings
USD – CPI m/m
USD – Core CPI m/m

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Final remarks.

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Till next week.

Trade responsibly.

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