TECHNICAL ANALYSIS

  WELCOME TO SVFX  (Technical Signals for intraday)

Ø Gold: further advance with Pivot: 1091.65

Our preference: Long positions above 1091.65 with targets @ 1109.75 & 1115.78 in extension.

Alternative scenario: Below 1091.65 look for further downside with 1087.97 & 1083.49 as targets.

Comment: The RSI is mixed.
Key Levels:
1119.28 
1115.78 
1109.75 
1100.53 Last
1091.65 
1087.97 
1083.49 

Ø  EUR/USD under pressure with Pivot: 1.101

Our preference: Short positions below 1.101 with targets @ 1.0955 & 1.092 in extension.

Alternative scenario: Above 1.101 look for further upside with 1.1045 & 1.108 as targets.

Comment: The RSI is bearish and calls for further downside.

Key Levels:
1.108 ***
1.1045 ***
1.101 ***
1.0976 Last
1.0955 ***
1.092 **
1.088 ***

GBP/USD the bias remains bullish with Pivot: 1.551

Our preference: Long positions above 1.551 with targets @ 1.5605 & 1.5635 in extension.

Alternative scenario: Below 1.551 look for further downside with 1.5455 & 1.542 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Key Levels:1.567 ***
1.5635 **
1.5605 ***
1.5568 Last
1.551 ***
1.5455 ***
1.542 ***