TECHNICAL ANALYSIS

WELCOME TO SVFX  (Technical Signals for intraday)

Ø Gold: bullish bias above with Pivot: 1089.5

Our preference: Long positions above 1089.5 with targets @ 1105 & 1115 in extension.

Alternative scenario: Below 1089.5 look for further downside with 1080 & 1073 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Key Levels:
1123.9 
1115 
1105 
1091 Last
1089.5 
1080 
1073 

Ø  EUR/USD  under pressure with Pivot: 1.1025

Our preference: Short positions below 1.1025 with targets @ 1.0925 & 1.089 in extension.

Alternative scenario: Above 1.1025 look for further upside with 1.1085 & 1.1115 as targets.

Comment: As long as the resistance at 1.1025 is not surpassed, the risk of the break below 1.0925 remains high. 

Key Levels:
1.1115 ***
1.1085 **
1.1025 ***
1.0961 Last
1.0925 ***
1.089 ***
1.087 ***

Ø  GBP/USD turning down with Pivot: 1.5645

Our preference: Short positions below 1.5645 with targets @ 1.5555 & 1.5535 in extension.

Alternative scenario: Above 1.5645 look for further upside with 1.568 & 1.574 as targets.

Comment: The RSI is badly directed.
Key Levels:1.574 **
1.568 ***
1.5645 ***
1.5576 Last
1.5555 ***
1.5535 ***
1.55 ***