EUR/USD Intraday: under pressure.

Pivot:

1.0750

Our preference:

Short positions below 1.0750 with targets at 1.0705 & 1.0685 in extension.

Alternative scenario:

Above 1.0750 look for further upside with 1.0770 & 1.0790 as targets.

Comment:

As long as the resistance at 1.0750 is not surpassed, the risk of the break below 1.0705 remains high.

Crude Oil (WTI)‎ (V3)‎ Intraday: bullish bias above 86.10.

Pivot:

86.10

Our preference:

Long positions above 86.10 with targets at 88.05 & 89.10 in extension.

Alternative scenario:

Below 86.10 look for further downside with 85.00 & 84.15 as targets.

Comment:

The RSI has just landed on its neutrality area at 50% and is turning up.

Gold Intraday: the downside prevails.

Pivot:

1934.00

Our preference:

Short positions below 1934.00 with targets at 1920.00 & 1915.00 in extension.

Alternative scenario:

Above 1934.00 look for further upside with 1939.00 & 1946.00 as targets.

Comment:

As long as 1934.00 is resistance, likely decline to 1920.00.

GBP/USD Intraday: key resistance at 1.2600.

Pivot:

1.2600

Our preference:

Short positions below 1.2600 with targets at 1.2545 & 1.2525 in extension.

Alternative scenario:

Above 1.2600 look for further upside with 1.2620 & 1.2640 as targets.

Comment:

As long as 1.2600 is resistance, look for choppy price action with a bearish bias.

AUD/USD Intraday: watch 0.6340.

Pivot:

0.6400

Our preference:

Short positions below 0.6400 with targets at 0.6355 & 0.6340 in extension.

Alternative scenario:

Above 0.6400 look for further upside with 0.6420 & 0.6440 as targets.

Comment:

As long as the resistance at 0.6400 is not surpassed, the risk of the break below 0.6355 remains high.

USD/JPY Intraday: bullish bias above 147.10.

Pivot:

147.10

Our preference:

Long positions above 147.10 with targets at 147.80 & 148.00 in extension.

Alternative scenario:

Below 147.10 look for further downside with 146.90 & 146.70 as targets.

Comment:

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.