EUR/USD Intraday: key resistance at 1.1040.

Pivot:

1.1040

Our preference:

Short positions below 1.1040 with targets at 1.0995 & 1.0980 in extension.

Alternative scenario:

Above 1.1040 look for further upside with 1.1055 & 1.1075 as targets.

Comment:

As long as 1.1040 is resistance, look for choppy price action with a bearish bias.

Gold Intraday: bullish bias above 2031.00.

Pivot:

2031.00

Our preference:

Long positions above 2031.00 with targets at 2059.00 & 2072.00 in extension.

Alternative scenario:

Below 2031.00 look for further downside with 2018.00 & 2008.00 as targets.

Comment:

The RSI is mixed with a bullish bias.

Crude Oil (WTI)‎ (M3)‎ Intraday: choppy.

Pivot:

69.70

Our preference:

Short positions below 69.70 with targets at 67.50 & 66.30 in extension.

Alternative scenario:

Above 69.70 look for further upside with 70.90 & 71.80 as targets.

Comment:

As long as 69.70 is resistance, look for choppy price action with a bearish bias.

GBP/USD Intraday: the upside prevails.

Pivot:

1.2560

Our preference:

Long positions above 1.2560 with targets at 1.2600 & 1.2615 in extension.

Alternative scenario:

Below 1.2560 look for further downside with 1.2545 & 1.2530 as targets.

Comment:

The RSI advocates for further advance.

USD/JPY Intraday: capped by a negative trend line.

Pivot:

134.60

Our preference:

Short positions below 134.60 with targets at 133.80 & 133.50 in extension.

Alternative scenario:

Above 134.60 look for further upside with 134.85 & 135.20 as targets.

Comment:

The upward potential is likely to be limited by the resistance at 134.60.

AUD/USD Intraday: further advance.

Pivot:

0.6675

Our preference:

Long positions above 0.6675 with targets at 0.6715 & 0.6735 in extension.

Alternative scenario:

Below 0.6675 look for further downside with 0.6655 & 0.6640 as targets.

Comment:

The RSI calls for a new upleg.