TECHNICAL ANALYSIS

  WELCOME TO SVFX (Technical Signals for intraday)

Ø    Gold: break of a ST rising trendline support with Pivot: 1142

Our preference: Short positions below 1142 with targets @ 1127 & 1124.5 in extension.

Alternative scenario: Above 1142 look for further upside with 1147 & 1150.9 as targets.

Comment: As long as 1142 is resistance, likely decline to 1127.
Key Levels:
1150.9 
1147 
1142 
1133.22 Last
1127 
1124.5 
1116 

 Ø  EUR/USD the downside prevails with Pivot: 1.1255

Our preference: Short positions below 1.1255 with targets @ 1.115 & 1.112 in extension.

Alternative scenario: Above 1.1255 look for further upside with 1.132 & 1.1355 as targets.

Comment: The pair has validated a bearish flag pattern and remains on the downside.

Key Levels:
1.1355 ***
1.132 **
1.1255 ***
1.1200 Last
1.115 **
1.112 **
1.108 ***

Ø     GBP/USD key resistance with Pivot: 1.557

Our preference: Short positions below 1.557 with targets @ 1.545 & 1.539 in extension.

Alternative scenario: Above 1.557 look for further upside with 1.566 & 1.572 as targets.

Comment: As long as the resistance at 1.557 is not surpassed, the risk of the break below 1.545 remains high. 
Key Levels:1.572 **
1.566 **
1.557 *
1.5513 Last
1.545 ***
1.539 **
1.533 **