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EU Session – Bullet Report – Technical Analysis
EUR/USD Intraday: the upside prevails.
Pivot: 1.087
Most likely scenario: long positions above 1.087 with targets @ 1.0925 & 1.094 in extension.
Alternative scenario: below 1.087 look for further downside with 1.0835 & 1.081 as targets.
Comment: the RSI lacks downward momentum.
Gold spot Intraday: the bias remains bullish.
Pivot: 1118
Most likely scenario: long positions above 1118 with targets @ 1133 & 1138.5 in extension.
Alternative scenario: below 1118 look for further downside with 1111 & 1104.5 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Crude Oil (WTI) (H6) Intraday: under pressure.
Pivot: 32.66
Most likely scenario: short positions below 32.66 with targets @ 30.7 & 30.12 in extension.
Alternative scenario: above 32.66 look for further upside with 33.38 & 34.4 as targets.
Comment: as long as the resistance at 32.66 is not surpassed, the risk of the break below 30.7 remains high.
GBP/USD Intraday: bullish bias above 1.432.
Pivot: 1.432
Most likely scenario: long positions above 1.432 with targets @ 1.4475 & 1.4535 in extension.
Alternative scenario: below 1.432 look for further downside with 1.4245 & 1.4185 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
USD/JPY Intraday: key resistance at 121.7.
Pivot: 121.7
Most likely scenario: short positions below 121.7 with targets @ 119.6 & 119 in extension.
Alternative scenario: above 121.7 look for further upside with 122.2 & 122.7 as targets.
Comment: the RSI is capped by a declining trend line.
AUD/USD Intraday: bullish bias above 0.706.
Pivot: 0.706
Most likely scenario: long positions above 0.706 with targets @ 0.712 & 0.714 in extension.
Alternative scenario: below 0.706 look for further downside with 0.703 & 0.7 as targets.
Comment: a support base at 0.706 has formed and has allowed for a temporary stabilisation.
Dax (Eurex) (H6) Intraday: key resistance at 9930.
Pivot: 9930
Most likely scenario: short positions below 9930 with targets @ 9560 & 9440 in extension.
Alternative scenario: above 9930 look for further upside with 10000 & 10090 as targets.
Comment: the RSI is bearish and calls for further downside.
USD/CHF Intraday: capped by a negative trend line.
Pivot: 1.0225
Most likely scenario: short positions below 1.0225 with targets @ 1.0155 & 1.012 in extension.
Alternative scenario: above 1.0225 look for further upside with 1.0255 & 1.029 as targets.
Comment: the RSI is mixed with a bearish bias.
USD/CAD Intraday: key resistance at 1.402.
Pivot: 1.402
Most likely scenario: short positions below 1.402 with targets @ 1.3905 & 1.386 in extension.
Alternative scenario: above 1.402 look for further upside with 1.406 & 1.409 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1.402.
EUR/JPY Intraday: turning down.
Pivot: 132
Most likely scenario: short positions below 132 with targets @ 130.8 & 130.2 in extension.
Alternative scenario: above 132 look for further upside with 132.85 & 133.5 as targets.
Comment: the RSI is capped by a bearish trend line.
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