TECHNICAL ANALYSIS

  WELCOME TO SVFX  (Technical Signals for intraday)

Ø Gold: supported by a rising trend line with Pivot: 1108.8

Our preference: Long positions above 1108.8 with targets @ 1127 & 1135 in extension.

Alternative scenario: Below 1108.8 look for further downside with 1102 & 1093.7 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Key Levels:
1145 
1135 
1127 
1117.78 Last
1108.8 
1102 
1093.7 

Ø  EUR/USD the bias remains bullish with Pivot: 1.109

Our preference: Long positions above 1.109 with targets @ 1.1215 & 1.127 in extension.

Alternative scenario: Below 1.109 look for further downside with 1.103 & 1.098 as targets.

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

Key Levels:
1.131 **
1.127 **
1.1215 ***
1.1112 Last
1.109 **
1.103 ***
1.098 ***

GBP/USD the upside prevails with Pivot: 1.559

Our preference: Long positions above 1.559 with targets @ 1.5675 & 1.571 in extension.

Alternative scenario: Below 1.559 look for further downside with 1.554 & 1.551 as targets.

Comment: The RSI is mixed to bullish.
Key Levels:1.575 ***
1.571 ***
1.5675 ***
1.5622 Last
1.559 ***
1.554 ***
1.551 ***