Technical Analysis (10 SEP)

Euro – US Dollar

EUR/USD is extending its sideways trading in the European session on Thursday. The pair lingers near three-month lows, as the US Dollar clings to recent gains amid a risk-off market profile. EU/ US data and Fedspeak awaited.
If trading above 1.07248 is traded, the growth will likely continue to 1.07712.
On the other hand, if it trades below the range of 1.07248, the decline is likely to continue to 1.06784.

US Dollar – Japanese Yen

The USD/JPY pair retreats from a Year-To-Date (YTD) high of 147.87 and trades around 147.50 during the Asian session on Thursday. The better-than-expected US data lift the US Dollar (USD) against its rivals. Wednesday’s Kyodo News cites anonymous sources to affirm that the Japanese government is likely to implement new economic stimulus measures in October, per Reuters.
If the pair continues to trade above the range of 147.514 It is likely to continue climbing to 148.314.
On the other hand, if the pair is traded below 147.514, it is expected to continue falling to 146.714.

British Pound – US Dollar

GBP/USD is consolidating losses around 1.2500 amid risk-averse European trading on Thursday. Dovish comments from BoE Governor Bailey and the ongoing US Dollar strength continue to weigh on the pair. Focus shifts to US data and Fedspeak for fresh trading directives.
If the pair is trading above 1.25226it is expected to climb to the range of 1.26291.
On the other hand, if the pair trades below 1.25226 it is expected to fall to the range 1.24163.

US Dollar – Swiss Franc

USD/CHF clings to mild gains around the highest levels in two months, lacks momentum near 0.8920 heading into Thursday’s European session during a three-day winning streak
If the pair is trading above 0.89129 it is expected to climb to the range of 0.89411.
On the other hand, if the pair trades below 0.89129 it is expected to fall to the
range 0.88492.

Gold – US Dollar

Gold Price struggles to defend the first daily gains in six at the lowest level in more than a week as market players seek additional clues to defend the previous bearish bias about the bullion.
If the pair is trading above 1920.52It is expected to climb to the 1934.47 range.
on the other hand, if the pair trades below 1920.52 It is expected to fall to the range of 1906.58