Technical Snapshots – EUR/USD Intraday: under pressure.
Pivot: 1.1180
Our preference: short positions below 1.1180 with targets at 1.1140 & 1.1115 in extension.
Alternative scenario: above 1.1180
Comment: the RSI is mixed to bearish.
GBP/USD Intraday: the downside prevails.
Pivot: 1.2930
Our preference: short positions below 1.2930 with targets at 1.2890 & 1.2870 in extension.
Alternative scenario: above 1.2930
Comment: the RSI shows downside momentum.
AUD/USD Intraday: key resistance at 0.7030.
Pivot: 0.7030
Our preference: short positions below 0.7030 with targets at 0.7000 & 0.6970 in extension.
Alternative scenario: above 0.7030 look for further upside with 0.7050 & 0.7080 as targets.
Comment: the upward potential is likely to be limited by the resistance at 0.7030.
Gold spot Intraday: the bias remains bullish.
Pivot: 1272.0000
Our preference: long positions above 1272.00 with targets at 1279.50 & 1282.50 in extension.
Alternative scenario: below 1272.00 look for further downside with 1268.50 & 1266.00 as targets.
Comment: the RSI is mixed to bullish.
Silver spot Intraday: supported by a rising trend line.
Pivot: 14.8300
Our preference: long positions above 14.8300 with targets at 14.9800 & 15.0800 in extension.
Alternative scenario: below 14.8300 look for further downside with 14.7700 & 14.7300 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Crude Oil (WTI) (M9) Intraday: consolidation.
Pivot: 66.0500
Our preference: short positions below 66.05 with targets at 65.55 & 65.25 in extension.
Alternative scenario: above 66.05
Comment: as long as 66.05 is resistance, expect a return to 65.55. Crude Oil remains
Source: HYCM Broker
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