EUR/USD Intraday: bullish bias above 1.2100.
Pivot:
1.2100
Our preference:
Long positions above 1.2100 with targets at 1.2150 & 1.2175 in extension.
Alternative scenario:
Below 1.2100 look for further downside with 1.2080 & 1.2060 as targets.
Comment:
The RSI calls for a rebound.
GBP/USD Intraday: intraday support around 1.4100.
Pivot:
1.4100
Our preference:
Long positions above 1.4100 with targets at 1.4145 & 1.4165 in extension.
Alternative scenario:
Below 1.4100 look for further downside with 1.4075 & 1.4050 as targets.
Comment:
A support base at 1.4100 has formed and has allowed for a temporary stabilisation.
AUD/USD Intraday: intraday support around 0.7780.
Pivot:
0.7780
Our preference:
Long positions above 0.7780 with targets at 0.7815 & 0.7835 in extension.
Alternative scenario:
Below 0.7780 look for further downside with 0.7755 & 0.7735 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Gold Intraday: choppy.
Pivot:
1838.00
Our preference:
Short positions below 1838.00 with targets at 1817.00 & 1809.00 in extension.
Alternative scenario:
Above 1838.00 look for further upside with 1845.00 & 1855.00 as targets.
Comment:
The RSI is mixed to bearish.
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