Here are today's directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you!
EUR/USD Intraday: the bias remains bullish.
Pivot:
1.0820
Our preference:
long positions above 1.0820 with targets at 1.0855 & 1.0885 in extension.
Alternative scenario:
below 1.0820 look for further downside with 1.0790 & 1.0765 as targets.
Comment:
the RSI shows upside momentum.
GBP/USD Intraday: the bias remains bullish.
Pivot:
1.2350
Our preference:
long positions above 1.2350 with targets at 1.2420 & 1.2450 in extension.
Alternative scenario:
below 1.2350 look for further downside with 1.2330 & 1.2305 as targets.
Comment:
the RSI is mixed to bullish.
USD/JPY Intraday: bullish bias above 106.20.
Dax (Eurex) (M0) Intraday: further advance.
Pivot:
10670.00
Our preference:
long positions above 10670.00 with targets at 10960.00 & 11080.00 in extension.
Alternative scenario:
below 10670.00 look for further downside with 10519.00 & 10370.00 as targets.
Comment:
the RSI advocates for further upside.
Gold spot Intraday: intraday support around 1703.00.
Pivot:
1703.00
Our preference:
long positions above 1703.00 with targets at 1722.00 & 1731.00 in extension.
Alternative scenario:
below 1703.00 look for further downside with 1694.00 & 1681.00 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Crude Oil (WTI) (M0) Intraday: key resistance at 24.45.
Pivot:
24.45
Our preference:
short positions below 24.45 with targets at 23.20 & 22.55 in extension.
Alternative scenario:
above 24.45 look for further upside with 25.55 & 26.70 as targets.
Comment:
the index currently faces a challenging resistance area at 24.45.
