ANALYSIS

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Ø Gold: bullish bias with Pivot: 1112

Our preference: Long positions above 1112 with targets @ 1121 & 1127 in extension.

Alternative scenario: Below 1112 look for further downside with 1102 & 1093.7 as targets.

Comment: A support base at 1112 has formed and has allowed for a temporary stabilisation.
Key Levels:
1135 
1127 
1121 
1116 Last
1112 
1102 
1093.7 

Ø  EUR/USD the downside prevails with Pivot: 1.114

Our preference: Short positions below 1.114 with targets @ 1.103 & 1.098 in extension.

Alternative scenario: Above 1.114 look for further upside with 1.119 & 1.1215 as targets.
Comment: The RSI is mixed to bearish.

Key Levels:
1.1215 ***
1.119 ***
1.114 ***
1.1089 Last
1.103 **
1.098 ***
1.094 ***

GBP/USD the upside prevails with Pivot: 1.5595

Our preference: Long positions above 1.5595 with targets @ 1.569 & 1.5735 in extension.

Alternative scenario: Below 1.5595 look for further downside with 1.557 & 1.554 as targets.
Comment: The RSI lacks downward momentum.
Key Levels:1.5775 **
1.5735 **
1.569 **
1.5631 Last
1.5595 ***
1.557 ***
1.554 ***