EUR/USD Intraday: under pressure.

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Pivot:
1.2095

Our preference:
Short positions below 1.2095 with targets at 1.2055 & 1.2045 in extension.

Alternative scenario:
Above 1.2095 look for further upside with 1.2115 & 1.2130 as targets.

Comment:
As long as the resistance at 1.2095 is not surpassed, the risk of the break below 1.2055 remains high.

GBP/USD Intraday: under pressure.

Pivot:
1.3900

Our preference:
Short positions below 1.3900 with targets at 1.3860 & 1.3840 in extension.

Alternative scenario:
Above 1.3900 look for further upside with 1.3930 & 1.3950 as targets.

Comment:
The RSI shows downside momentum.

AUD/USD Intraday: under pressure.

Pivot:
0.7770

Our preference:
Short positions below 0.7770 with targets at 0.7720 & 0.7700 in extension.

Alternative scenario:
Above 0.7770 look for further upside with 0.7785 & 0.7800 as targets.

Comment:
The RSI shows downside momentum.

Gold Intraday: key resistance at 1780.00.

Pivot:
1780.00

Our preference:
Short positions below 1780.00 with targets at 1766.00 & 1760.00 in extension.

Alternative scenario:
Above 1780.00 look for further upside with 1785.00 & 1789.00 as targets.

Comment:
As long as 1780.00 is resistance, look for choppy price action with a bearish bias.


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