TECHNICAL ANALYSIS

WELCOME TO SVFX (Technical Signals for intraday)

Ø    Gold: bullish bias with Pivot: 1115

Our preference: Long positions above 1115 with targets @ 1124 & 1127 in extension.

Alternative scenario: Below 1115 look for further downside with 1112 & 1107 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Key Levels:
1131 
1127 
1124 
1116.5 Last
1115 
1112 
1107 

Ø  EUR/USD the upside prevails with Pivot: 1.127

Our preference: Long positions above 1.127 with targets @ 1.137 & 1.1395 in extension.

Alternative scenario: Below 1.127 look for further downside with 1.121 & 1.118 as targets.

Comment: The RSI is bullish and calls for further upside

Key Levels:
1.1415 **
1.1395 ***
1.137 *
1.1319 Last
1.127 ***
1.121 **
1.118 **

Ø     GBP/USD   further upside with Pivot: 1.545

Our preference: Long positions above 1.545 with targets @ 1.5555 & 1.56 in extension.

Alternative scenario: Below 1.545 look for further downside with 1.541 & 1.533 as targets.

Comment: The RSI is bullish and calls for further upside.
Key Levels:1.5675 **
1.56 **
1.5555 **
1.5520 Last
1.545 ***
1.541 ***
1.533 **