EU Session – Bullet Report - No Rate hike for Now – Gold Reaches 2 Month High

EUR/USD Intraday: turning down.

Pivot: 1.097

Most likely scenario: short positions below 1.097 with targets @ 1.086 & 1.082 in extension.

Alternative scenario: above 1.097 look for further upside with 1.1 & 1.102 as targets.

Comment: the RSI is badly directed.

Gold spot Intraday: under pressure.

Pivot: 1123

Most likely scenario: short positions below 1123 with targets @ 1109.5 & 1104.5 in extension.

Alternative scenario: above 1123 look for further upside with 1128 & 1132 as targets.

Comment: the RSI advocates for further downside.

Crude Oil (WTI) (H6) Intraday: further advance.

Pivot: 31.68

Most likely scenario: long positions above 31.68 with targets @ 34.84 & 36.44 in extension.

Alternative scenario: below 31.68 look for further downside with 30.55 & 29.25 as targets.

Comment: the RSI is mixed with a bullish bias.

GBP/USD Intraday: the upside prevails.

Pivot: 1.4285

Most likely scenario: long positions above 1.4285 with targets @ 1.4425 & 1.447 in extension.

Alternative scenario: below 1.4285 look for further downside with 1.4235 & 1.4175 as targets.

Comment: the RSI is well directed.

USD/JPY Intraday: the upside prevails.

Pivot: 119.05

Most likely scenario: long positions above 119.05 with targets @ 121 & 121.5 in extension.

Alternative scenario: below 119.05 look for further downside with 118.5 & 118 as targets.

Comment: the RSI is well directed.

AUD/USD Intraday: the bias remains bullish.

Pivot: 0.7055

Most likely scenario: long positions above 0.7055 with targets @ 0.715 & 0.7175 in extension.

Alternative scenario: below 0.7055 look for further downside with 0.703 & 0.699 as targets.

Comment: the RSI is well directed.

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 upward potential is likely to be limited by the resistance at 9930.

USD/CHF Intraday: under pressure.

Pivot: 1.0185

Most likely scenario: short positions below 1.0185 with targets @ 1.011 & 1.0085 in extension.

Alternative scenario: above 1.0185 look for further upside with 1.0215 & 1.025 as targets.

Comment: the RSI lacks upward momentum.

USD/CAD Intraday: the downside prevails.

Pivot: 1.412

Most likely scenario: short positions below 1.412 with targets @ 1.395 & 1.3895 in extension.

Alternative scenario: above 1.412 look for further upside with 1.416 & 1.42 as targets.

Comment: the RSI is badly directed.

EUR/JPY Intraday: the upside prevails.

Pivot: 129.5

Most likely scenario: long positions above 129.5 with targets @ 132.3 & 132.85 in extension.

Alternative scenario: below 129.5 look for further downside with 129.05 & 128.7 as targets.

Comment: the RSI is well directed.