TECHNICAL ANALYSIS

WELCOME TO SVFX (Technical Signals for intraday)

Ø    Gold: caution with Pivot: 1136

Our preference: Short positions below 1136 with targets @ 1121 & 1116 in extension.

Alternative scenario: Above 1136 look for further upside with 1142 & 1148 as targets.

Comment: Intraday technical indicators are mixed and call for caution.
Key Levels:
1148 
1142 
1136 
1134.08 Last
1121 
1116 
1109 

Ø  EUR/USD the bias remains bullish with Pivot: 1.1105

Our preference: Long positions above 1.1105 with targets @ 1.1255 & 1.132 in extension.

Alternative scenario: Below 1.1105 look for further downside with 1.102 & 1.097 as targets.

Comment: The RSI has just landed on its neutrality area at 50% and is turning up.

Key Levels:
1.1385 ***
1.132 **
1.1255 ***
1.1190 Last
1.1105 ***
1.102 ***
1.097 **

Ø     GBP/USD under pressure with Pivot: 1.531

Our preference: Short positions below 1.531 with targets @ 1.52 & 1.515 in extension.

Alternative scenario: Above 1.531 look for further upside with 1.538 & 1.543 as targets.

Comment: As long as 1.531 is resistance, look for choppy price action with a bearish bias.
Key Levels:1.543 ***
1.538 ***
1.531 ***
1.5260 Last
1.52 **
1.515 ***
1.509 ***