Dailly Analysis by Fxpro

EUR/USD intraday: capped by a negative trend line.

Pivot: 1.2690. Most Likely Scenario: SHORT positions @ 1.268 with 1.2615 & 1.2555 in sight. Alternative scenario: The upside penetration of 1.269 will call for a rebound towards 1.273 & 1.279. Comment: the pair is capped by a declining trend line and is challenging its support.

AUD/USD intraday: capped by a negative trend line.

Pivot: 0.895 Most Likely Scenario: Short positions below 0.895 with targets @ 0.886 & 0.884 in extension. Alternative scenario: Above 0.895 look for further upside with 0.8975 & 0.9 as targets. Comment: the upward potential is likely to be limited by the resistance at 0.895.

GOLD (Spot) intraday: up turn.

Pivot: 1217.50 Most Likely Scenario: LONG positions above 1217.5 with targets @ 1229 & 1241. Alternative scenario: The downside penetration of 1217.5 will call for a slide towards 1212 & 1205. Comment: the price is challenging its channel support. The RSI calls for a bounce. Trend: ST Ltd upside; MT Bullish

Crude Oil (Oct 10) intraday: under pressure.

Pivot: 73.50 Most Likely Scenario: SHORT positions below 73.5 with 72 & 71 as next targets. Alternative scenario: The upside breakout of 73.5 will open the way to 74.5 & 75. Comment: the contract remains under pressure challenging its bearish channel support. Trend: ST Bearish; MT Range