Forex Technical snapshots

Forex Technical snapshots – EUR/USD Intraday: under pressure.
Pivot: 1.1395
Our preference: short positions below 1.1395 with targets at 1.1365 & 1.1335 in extension.
Alternative scenario: above 1.1395 look for further upside with 1.1420 & 1.1445 as targets.
Comment: as long as the resistance at 1.1395 is not surpassed, the risk of the break below 1.1365 remains high.

GBP/USD Intraday: under pressure.
Pivot: 1.2830
Our preference: short positions below 1.2830 with targets at 1.2775 & 1.2750 in extension.
Alternative scenario: above 1.2830 look for further upside with 1.2855 & 1.2875 as targets.
Comment: the RSI shows downside momentum.

AUD/USD Intraday: continuation of the rebound.
Pivot: 0.7065
Our preference: long positions above 0.7065 with targets at 0.7105 & 0.7120 in extension.
Alternative scenario: below 0.7065 look for further downside with 0.7050 & 0.7035 as targets.
Comment: the RSI shows upside momentum.

Gold spot Intraday: the downside prevails.
Pivot: 1230.5000
Our preference: short @ 1227.30 with targets @ 1224.00 & 1221.50 in extension.
Alternative scenario: above 1230.50 look for further upside with 1233.50 & 1235.50 as targets.
Comment: the RSI advocates for further downside.

Silver spot Intraday: under pressure.
Pivot: 14.5400
Our preference: short positions below 14.5400 with targets at 14.3900 & 14.3400 in extension.
Alternative scenario: above 14.5400 look for further upside with 14.6000 & 14.6500 as targets.
Comment: the RSI advocates for further decline.

Crude Oil (WTI) (Z18) Intraday: towards 66.70.
Pivot: 67.3500
Our preference: short positions below 67.35 with targets at 66.70 & 66.30 in extension.
Alternative scenario: above 67.35 look for further upside with 67.60 & 67.95 as targets.
Comment: the RSI is mixed with a bearish bias. As long as 67.35 is resistance , look for choppy price with a bearish bias.

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