EU session – Bullet Report | Don’t Catch a Falling Knife
EUR/USD Intraday: the upside prevails.
Pivot: 1.082
Most likely scenario: long positions above 1.082 with targets @ 1.0895 & 1.092 in extension.
Alternative scenario: below 1.082 look for further downside with 1.08 & 1.0785 as targets.
Comment: the RSI is well directed.
Gold spot Intraday: further upside.
Pivot: 1114
Most likely scenario: long positions above 1114 with targets @ 1124.75 & 1128 in extension.
Alternative scenario: below 1114 look for further downside with 1109.5 & 1104.5 as targets.
Comment: the RSI is mixed to bullish.
Crude Oil (WTI) (H6) Intraday: supported by a rising trend line.
Pivot: 29.95
Most likely scenario: long positions above 29.95 with targets @ 32.4 & 32.75 in extension.
Alternative scenario: below 29.95 look for further downside with 29.25 & 28.46 as targets.
Comment: the RSI is mixed to bullish.
GBP/USD Intraday: the upside prevails.
Pivot: 1.4265
Most likely scenario: long positions above 1.4265 with targets @ 1.4395 & 1.445 in extension.
Alternative scenario: below 1.4265 look for further downside with 1.4225 & 1.4175 as targets.
Comment: technically the RSI is above its neutrality area at 50.
USD/JPY Intraday: bullish bias above 117.95.
Pivot: 117.95
Most likely scenario: long positions above 117.95 with targets @ 118.6 & 118.85 in extension.
Alternative scenario: below 117.95 look for further downside with 117.6 & 117.2 as targets.
Comment: the RSI is mixed to bullish.
AUD/USD Intraday: the bias remains bullish.
Pivot: 0.698
Most likely scenario: long positions above 0.698 with targets @ 0.7045 & 0.7075 in extension.
Alternative scenario: below 0.698 look for further downside with 0.694 & 0.6915 as targets.
Comment: the RSI is well directed.
Dax (Eurex) (H6) Intraday: bullish bias above 9675.
Pivot: 9675
Most likely scenario: long positions above 9675 with targets @ 9950 & 10000 in extension.
Alternative scenario: below 9675 look for further downside with 9560 & 9508 as targets.
Comment: the RSI is bullish and calls for further upside.
USD/CHF Intraday: bullish bias above 1.014.
Pivot: 1.014
Most likely scenario: long positions above 1.014 with targets @ 1.02 & 1.0215 in extension.
Alternative scenario: below 1.014 look for further downside with 1.011 & 1.0085 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
USD/CAD Intraday: key resistance at 1.42.
Pivot: 1.42
Most likely scenario: short positions below 1.42 with targets @ 1.4045 & 1.3985 in extension.
Alternative scenario: above 1.42 look for further upside with 1.426 & 1.433 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
EUR/JPY Intraday: bullish bias above 127.9.
Pivot: 127.9
Most likely scenario: long positions above 127.9 with targets @ 128.8 & 129.1 in extension.
Alternative scenario: below 127.9 look for further downside with 127.5 & 127.1 as targets.
Comment: the RSI is well directed.
The post EU session – Bullet Report | Don’t Catch a Falling Knife appeared first on Forex.Info.
Source:: EU session – Bullet Report | Don’t Catch a Falling Knife