TECHNICAL ANALYSIS

WELCOME TO SVFX  (Technical Signals for intraday)

Ø Gold: rebound with Pivot: 1123

Our preference: Long positions above 1123 with targets @ 1146.5 & 1153 in extension.

Alternative scenario: Below 1123 look for further downside with 1117 & 1109 as targets.

Comment: The RSI is mixed with a bullish bias.
Key Levels:
1160 
1153 
1146.5 
1134 Last
1123 
1117 
1109 

Ø  EUR/USD under pressure with Pivot: 1.1265

Our preference: Short positions below 1.1265 with targets @ 1.1155 & 1.11 in extension.

Alternative scenario: Above 1.1265 look for further upside with 1.131 & 1.135 as targets.

Comment: As long as 1.1265 is resistance, look for choppy price action with a bearish bias.

Key Levels:
1.135 ***
1.131 ***
1.1265 ***
1.1210 Last
1.1155 ***
1.11 ***
1.107 ***

GBP/USD under pressure with Pivot: 1.5445

Our preference: Short positions below 1.5445 with targets @ 1.5325 & 1.5265 in extension.

Alternative scenario: Above 1.5445 look for further upside with 1.55 & 1.557 as targets.
Comment: The RSI lacks upward momentum.
Key Levels:1.557 ***
1.55 ***
1.5445 ***
1.5420 Last
1.5325 ***
1.5265 ***
1.521 **