TECHNICAL ANALYSIS

WELCOME TO SVFX (Technical Signals for intraday)

Ø     Gold: under pressure with Pivot: 1116

Our preference: Short positions below 1116 with targets @ 1094 & 1085 in extension.

Alternative scenario: Above 1116 look for further upside with 1126 & 1130.7 as targets.

Comment: Technically the RSI is below its neutrality area at 50.
Key Levels:
1130.7 
1126 
1116 
1107.25 Last
1094 
1085 
1070 

Ø  EUR/USD the bias remains bullish with Pivot: 1.1185

Our preference: Long positions above 1.1185 with targets @ 1.126 & 1.129 in extension.

Alternative scenario: Below 1.1185 look for further downside with 1.113 & 1.109 as targets.

Comment: Technically the RSI is above its neutrality area at 50.

Key Levels:
1.132 ***
1.129 ***
1.126 ***
1.1216 Last
1.1185 ***
1.113 ***
1.109 **

Ø     GBP/USD the bias remains bullish with Pivot: 1.532

Our preference: Long positions above 1.532 with targets @ 1.541 & 1.544 in extension.

Alternative scenario: Below 1.532 look for further downside with 1.529 & 1.5265 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Key Levels:1.5475 **
1.544 **
1.541 ***
1.5355 Last
1.532 **
1.529 ***
1.5265 ***