TECHNICAL ANALYSIS

   WELCOME TO SVFX (Technical Signals for intraday)

Ø     Gold: caution with Pivot: 1110

Our preference: Short positions below 1110 with targets @ 1103 & 1098 in extension.

Alternative scenario: Above 1110 look for further upside with 1115 & 1119 as targets.

Comment: Intraday technical indicators are mixed and call for caution.
Key Levels:
1119 
1115 
1110 
1107.84 Last
1103 
1098 
1094 

Ø  EUR/USD the downside prevails with Pivot: 1.13

Our preference: Short positions below 1.13 with targets @ 1.118 & 1.1145 in extension.

Alternative scenario: Above 1.13 look for further upside with 1.1335 & 1.137 as targets.

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

Key Levels:
1.137 **
1.1335 **
1.13 ***
1.1235 Last
1.118 *
1.1145 **
1.112 **

Ø     GBP/USD  turning up with Pivot: 1.536

Our preference: Long positions above 1.536 with targets @ 1.545 & 1.5475 in extension.

Alternative scenario: Below 1.536 look for further downside with 1.5325 & 1.529 as targets.

Comment: The RSI broke above a bearish trend line.
Key Levels:1.551 **
1.5475 **
1.545 **
1.5411 Last
1.536 ***
1.5325 ***
1.529 **