EUR/USD Intraday: expect 1.0740.

Pivot:

1.0830

Our preference:

Short positions below 1.0830 with targets at 1.0765 & 1.0740 in extension.

Alternative scenario:

Above 1.0830 look for further upside with 1.0860 & 1.0885 as targets.

Comment:

The RSI calls for a new downleg.

Gold Intraday: choppy.

Pivot:

1913.00

Our preference:

Short positions below 1913.00 with targets at 1896.00 & 1891.00 in extension.

Alternative scenario:

Above 1913.00 look for further upside with 1919.00 & 1926.00 as targets.

Comment:

As long as 1913.00 is resistance, look for choppy price action with a bearish bias.

Crude Oil (WTI)‎ (H3)‎ Intraday: under pressure.

Pivot:

80.25

Our preference:

Short positions below 80.25 with targets at 78.80 & 78.25 in extension.

Alternative scenario:

Above 80.25 look for further upside with 80.85 & 81.50 as targets.

Comment:

The RSI has broken down its 30 level.

GBP/USD Intraday: consolidation.

Pivot:

1.2400

Our preference:

Short positions below 1.2400 with targets at 1.2300 & 1.2270 in extension.

Alternative scenario:

Above 1.2400 look for further upside with 1.2435 & 1.2470 as targets.

Comment:

The upward potential is likely to be limited by the resistance at 1.2400.

USD/JPY Intraday: towards 127.20.

Pivot:

129.50

Our preference:

Short positions below 129.50 with targets at 127.60 & 127.20 in extension.

Alternative scenario:

Above 129.50 look for further upside with 130.10 & 130.70 as targets.

Comment:

The RSI is bearish and calls for further downside.

AUD/USD Intraday: under pressure.

Pivot:

0.6985

Our preference:

Short positions below 0.6985 with targets at 0.6915 & 0.6890 in extension.

Alternative scenario:

Above 0.6985 look for further upside with 0.7010 & 0.7035 as targets.

Comment:

The RSI is bearish and calls for further decline.