EUR/USD intraday: the downside prevails.

Pivot: 1.3600.
Preference: SHORT positions below 1.36 with 1.3515 & 1.3485 in sight.
Alternative scenario: The upside breakout of 1.36 will open the way to 1.365 & 1.369.
Comment: the pair stands below its new resistance and remains under pressure.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

GBP/USD intraday: the downside prevails.

Pivot: 1.6080.
Preference: SHORT positions below 1.608 with 1.5995 & 1.5935 in sight.
Alternative scenario: The upside breakout of 1.608 will open the way to 1.612 & 1.617.
Comment: the pair stands below its resistance and remains under pressure.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

USD/JPY intraday: under pressure.

Pivot: 98.40.
Preference: SHORT positions below 98.4 with 97.75 & 97.4 in sight.
Alternative scenario: The upside breakout of 98.4 will open the way to 98.7 & 99.
Comment: the pair has broken below its support and remains under pressure.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

USD/CAD intraday: break of a ST rising trendline support.

Pivot: 1.045
Preference: Short positions below 1.045 with targets @ 1.039 & 1.036 in extension.
Alternative scenario: Above 1.045 look for further upside with 1.0495 & 1.054 as targets.
Comment: the RSI is capped by a bearish trend line.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

EUR/GBP intraday: the downside prevails.

Pivot: 0.8480.
Preference: SHORT positions below 0.848 with 0.8445 & 0.842 as next targets.
Alternative scenario: The upside breakout of 0.848 will open the way to 0.85 & 0.8525.
Comment: the pair remains on the downside and is approaching its support.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

GOLD (Spot) intraday: under pressure.

Pivot: 1337.00
Preference: SHORT positions below 1337 with 1310 & 1290 as next targets.
Alternative scenario: The upside breakout of 1337 will open the way to 1348 & 1360.
Comment: as long as 1337 is resistance, likely decline to 1310.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

SILVER (Spot) intraday: the downside prevails.

Pivot: 22.40
Preference: SHORT positions below 22.4 with targets @ 21.58 & 21.1.
Alternative scenario: The upside breakout of 22.4 will open the way to 22.85 & 23.05.
Comment: the RSI is around its neutrality area at 50%.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.