EUR/USD Intraday: under pressure.

Pivot:

0.9870

Our preference:

Short positions below 0.9870 with targets at 0.9780 & 0.9740 in extension.

Alternative scenario:

Above 0.9870 look for further upside with 0.9910 & 0.9950 as targets.

Comment:

The RSI is bearish and calls for further downside.

Gold Intraday: under pressure.

Pivot:

1642.00

Our preference:

Short positions below 1642.00 with targets at 1627.00 & 1617.00 in extension.

Alternative scenario:

Above 1642.00 look for further upside with 1655.00 & 1657.00 as targets.

Comment:

The RSI advocates for further downside.

Crude Oil (WTI)‎ (Z2)‎ Intraday: key resistance at 89.75.

Pivot:

89.75

Our preference:

Short positions below 89.75 with targets at 88.20 & 87.60 in extension.

Alternative scenario:

Above 89.75 look for further upside with 90.25 & 91.25 as targets.

Comment:

As long as 89.75 is resistance, look for choppy price action with a bearish bias.

GBP/USD Intraday: the downside prevails.

Pivot:

1.1450

Our preference:

Short positions below 1.1450 with targets at 1.1330 & 1.1280 in extension.

Alternative scenario:

Above 1.1450 look for further upside with 1.1490 & 1.1540 as targets.

Comment:

The RSI advocates for further decline.

USD/JPY Intraday: watch 148.85.

Pivot:

147.10

Our preference:

Long positions above 147.10 with targets at 148.40 & 148.85 in extension.

Alternative scenario:

Below 147.10 look for further downside with 146.60 & 146.10 as targets.

Comment:

The RSI advocates for further upside.

AUD/USD Intraday: towards 0.6260.

Pivot:

0.6400

Our preference:

Short positions below 0.6400 with targets at 0.6300 & 0.6260 in extension.

Alternative scenario:

Above 0.6400 look for further upside with 0.6430 & 0.6470 as targets.

Comment:

The RSI is bearish and calls for further decline.