TECHNICAL ANALYSIS

      WELCOME TO SVFX  (Technical Signals for intraday)

Ø     Gold: under pressure line with Pivot: 1124.8

Our preference: Short positions below 1124.8 with targets @ 1114 & 1110 in extension.

Alternative scenario: Above 1124.8 look for further upside with 1133 & 1142 as targets.

Comment: As long as 1124.8 is resistance, likely decline to 1114.
Key Levels:
1142 
1133 
1124.8 
1120.78 Last
1114 
1110 
1104 

Ø  EUR/USD the bias remains bullish with Pivot: 1.115

Our preference: Long positions above 1.115 with targets @ 1.126 & 1.1295 in extension.

Alternative scenario: Below 1.115 look for further downside with 1.1115 & 1.1085 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Key Levels:
1.132 ***
1.1295 ***
1.126 ***
1.1211 Last
1.115 ***
1.1115 ***
1.1085 ***

Ø     GBP/USD the upside prevails with Pivot: 1.524

Our preference: Long positions above 1.524 with targets @ 1.535 & 1.5385 in extension.

Alternative scenario: Below 1.524 look for further downside with 1.52 & 1.516 as targets.

Comment: The RSI is well directed.
Key Levels:1.541 **
1.5385 **
1.535 **
1.5314 Last
1.524 ***
1.52 ***
1.516 ***