Dailly Analysis by Fxpro

EUR/USD intraday: rebound expected.

Pivot: 1.2820. Most Likely Scenario: LONG positions @ 1.283 with targets @ 1.29 & 1.2935. Alternative scenario: The downside penetration of 1.282 will call for a slide towards 1.278 & 1.273. Comment: the pair is pulling back on its support ahead of a rebound as the RSI lacks downward momentum.

GBP/USD intraday: under pressure.

Pivot: 1.5625. Most Likely Scenario: SHORT positions @ 1.5615 with targets @ 1.5525 & 1.5475. Alternative scenario: The upside penetration of 1.5625 will call for 1.567 & 1.5715. Comment: the pair remains under pressure and is challenging its support.

USD/JPY intraday: rebound.

Pivot: 85.30. Most Likely Scenario: LONG positions @ 85.35 with 85.6 & 85.8 in sight. Alternative scenario: The downside penetration of 85.3 will call for 85.1 & 84.9. Comment: the pair should rebound on its support as the RSI is turning up.

AUD/USD intraday: bullish bias above 0.8995.

Pivot: 0.8995 Most Likely Scenario: Long positions above 0.8995 with targets @ 0.908 & 0.91 in extension. Alternative scenario: Below 0.8995 look for further downside with 0.8965 & 0.8943 as targets. Comment: the RSI has just landed on a support around 30% and is reversing up.

GOLD (Spot) intraday: the bias remains bullish.

Pivot: 1217.50 Most Likely Scenario: LONG positions above 1217.5 with 1234 & 1241 in sight. Alternative scenario: The downside breakout of 1217.5 will open the way to 1212 & 1209. Comment: the RSI is supported by a rising trend line. Trend: ST Ltd upside; MT Bullish

Crude Oil (Oct 10) intraday: bullish bias above 75.2

Pivot: 75.20 Most Likely Scenario: LONG positions above 75.2 with 76.5 & 77 as next targets. Alternative scenario: The downside breakout of 75.2 will open the way to 74.5 & 74.25. Comment: the RSI is supported by a rising trend line. Trend: ST Consolidation; MT Range