TECHNICAL ANALYSIS

WELCOME TO SVFX (Technical Signals for intraday)

Ø    Gold: capped by a negative trend line 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: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Key Levels:
1148 
1142 
1136 
1128 Last
1121 
1116 
1109 

Ø  EUR/USD the downside prevails with Pivot: 1.118

Our preference: Short positions below 1.118 with targets @ 1.1105 & 1.102 in extension.

Alternative scenario: Above 1.118 look for further upside with 1.1255 & 1.132 as targets.
Comment: As long as the resistance at 1.118 is not surpassed, the risk of the break below 1.1105 remains hig

Key Levels:
1.132 ***
1.1255 **
1.118 ***
1.1160 Last
1.1105 ***
1.102 ***
1.097 **

Ø     GBP/USD under pressure with Pivot: 1.54

Our preference: Short positions below 1.54 with targets @ 1.524 & 1.52 in extension.

Alternative scenario: Above 1.54 look for further upside with 1.546 & 1.553 as targets.

Comment: The RSI is badly directed.
Key Levels:1.553 ***
1.546 **
1.54 ***
1.5297 Last
1.524 ***
1.52 **
1.5155 ***