Pivot Point Levels-EUR/USD Intraday: key resistance at 1.2195.
Pivot:
1.2195
Our preference:
Short positions below 1.2195 with targets at 1.2160 & 1.2145 in extension.
Alternative scenario:
Above 1.2195 look for further upside with 1.2210 & 1.2230 as targets.
Comment:
As long as the resistance at 1.2195 is not surpassed, the risk of the break below 1.2160 remains high.
GBP/USD Intraday: consolidation.
Pivot:
1.4165
Our preference:
Short positions below 1.4165 with targets at 1.4130 & 1.4115 in extension.
Alternative scenario:
Above 1.4165 look for further upside with 1.4190 & 1.4210 as targets.
Comment:
The RSI is mixed to bearish.
AUD/USD Intraday: under pressure.
Pivot:
0.7745
Our preference:
Short positions below 0.7745 with targets at 0.7710 & 0.7695 in extension.
Alternative scenario:
Above 0.7745 look for further upside with 0.7760 & 0.7780 as targets.
Comment:
The RSI lacks upward momentum.
Gold Intraday: look for 1907.00.
Pivot:
1869.00
Our preference:
Long positions above 1869.00 with targets at 1900.00 & 1907.00 in extension.
Alternative scenario:
Below 1869.00 look for further downside with 1861.00 & 1851.00 as targets.
Comment:
The RSI calls for a new upleg.
Silver spot Intraday: rebound expected.
Pivot:
27.2500
Our preference:
Long positions above 27.2500 with targets at 28.0000 & 28.2300 in extension.
Alternative scenario:
Below 27.2500 look for further downside with 27.0000 & 26.7000 as targets.
Comment:
The RSI is mixed to bullish.
Categories :
Tags : Pivot Point Levels
