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| EUR/USD intraday: under pressure. |
Pivot: 1.2330.
Our Preference: SHORT positions below 1.233 with 1.222 & 1.217 in sight.
Alternative scenario: The upside breakout of 1.233 will open the way to 1.239 & 1.244.
Comment: as long as the resistance at 1.233 is not surpassed, the risk of the break below 1.222 remains high.
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| GBP/USD intraday: the downside prevails. |
Pivot: 1.5615.
Our Preference: SHORT positions @ 1.5605 with 1.5515 & 1.547 as next targets.
Alternative scenario: The upside penetration of 1.5615 will call for 1.564 & 1.567.
Comment: the RSI is capped by a declining trend line.
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| USD/CHF intraday: bullish bias above 0.9735 |
Pivot: 0.97.
Our Preference: LONG positions @ 0.9745 with 0.9865 & 0.989 in sight.
Alternative scenario: The downside penetration of 0.9735 will call for 0.969 & 0.965.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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| USD/JPY intraday: bullish bias above 78.25 |
Pivot: 78.25.
Our Preference: LONG positions @ 78.35 with 78.65 & 78.75 in sight.
Alternative scenario: The downside penetration of 78.25 will call for 77.9 & 77.75.
Comment: the break above 78.25 is a positive signal that has opened a path to 78.65.
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| AUD/USD intraday: key ST resistance at 1.05. |
Pivot: 1.05
Our preference: Short positions below 1.05 with targets @ 1.042 & 1.038 in extension.
Alternative scenario: Above 1.05 look for further upside with 1.054 & 1.06 as targets.
Comment: as long as 1.05 is resistance, look for choppy price action with a bearish bias.
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| GOLD (Spot) intraday: the downside prevails. |
Pivot: 1611.00
Our Preference: SHORT positions below 1611 with 1589 & 1585 in sight.
Alternative scenario: The upside breakout of 1611 will open the way to 1619 & 1630.
Comment: as long as 1611 is resistance, look for choppy price action with a bearish bias.
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| SILVER (Spot) intraday: key ST resistance at 27.8 |
Pivot: 27.80
Our Preference: SHORT positions below 27.8 with targets @ 27.1 & 26.8.
Alternative scenario: The upside penetration of 27.8 will call for a rebound towards 28.05 & 28.35.
Comment: technically, the RSI is below its neutrality area at 50.
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| Crude Oil (Sep 12) intraday: the bias remains bullish. |
Pivot: 87.30
Our Preference: LONG positions above 87.3 with 89.45 & 90.3 as next targets.
Alternative scenario: The downside breakout of 87.3 will open the way to 86.8 & 86.05.
Comment: the RSI is above its neutrality area at 50%.
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