MORNING ANALYSIS

WELCOME TO SVFX  (Technical Signals for intraday)

Ø Gold: capped by a negative trend line with Pivot: 1094

Our preference: Short positions below 1094 with targets @ 1082.5 & 1080 in extension.

Alternative scenario: Above 1094 look for further upside with 1098 & 1101 as targets.

Comment: As long as 1094 is resistance, likely decline to 1082.5.
Key Levels:
1101 
1098 
1094 
1088.3 Last
1082.5 
1080 
1077 

Ø  EUR/USD the upside prevails with Pivot: 1.0875

Our preference: Long positions above 1.0875 with targets @ 1.0945 & 1.0995 in extension.

Alternative scenario: Below 1.0875 look for further downside with 1.0845 & 1.081 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Key Levels:
1.102 ***
1.0995 ***
1.0945 ***
1.0920 Last
1.0875 ***
1.0845 ***1.081 ***

Ø  GBP/USD the under pressure with Pivot: 1.5565

Our preference: Short positions below 1.5565 with targets @ 1.547 & 1.545 in extension.

Alternative scenario: Above 1.5565 look for further upside with 1.559 & 1.5635 as targets.

Comment: Technically the RSI is below its neutrality area at 50.
Key Levels:1.5635 ***
1.559 **
1.5565 **
1.5513 Last
1.547 **
1.545 ***
1.541 ***