EUR/USD Intraday: key resistance at 1.0885.

Pivot: 1.0885

Most likely scenario: short positions below 1.0885 with targets @ 1.08 & 1.077 in extension.

Alternative scenario: above 1.0885 look for further upside with 1.0925 & 1.097 as targets.

Comment: as long as 1.0885 is resistance, look for choppy price action with a bearish bias.

Gold spot Intraday: the bias remains bullish.

Pivot: 1110

Most likely scenario: long positions above 1110 with targets @ 1128 & 1135 in extension.

Alternative scenario: below 1110 look for further downside with 1104.5 & 1099 as targets.

Comment: the RSI is mixed to bullish.

Crude Oil (WTI) (H6) Intraday: bullish bias above 32.8.

Pivot: 32.8

Most likely scenario: long positions above 32.8 with targets @ 34.1 & 34.84 in extension.

Alternative scenario: below 32.8 look for further downside with 31.7 & 30.6 as targets.

Comment: a support base at 32.8 has formed and has allowed for a temporary stabilisation.

GBP/USD Intraday: caution.

Pivot: 1.427

Most likely scenario: short positions below 1.427 with targets @ 1.4185 & 1.415 in extension.

Alternative scenario: above 1.427 look for further upside with 1.431 & 1.435 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1.427.

USD/JPY Intraday: the upside prevails.

Pivot: 120.4

Most likely scenario: long positions above 120.4 with targets @ 121.8 & 122.2 in extension.

Alternative scenario: below 120.4 look for further downside with 119.7 & 119.05 as targets.

Comment: technically the RSI is above its neutrality area at 50.

AUD/USD Intraday: under pressure.

Pivot: 0.711

Most likely scenario: short positions below 0.711 with targets @ 0.703 & 0.7 in extension.

Alternative scenario: above 0.711 look for further upside with 0.714 & 0.7175 as targets.

Comment: the RSI lacks upward momentum.

Dax (Eurex) (H6) Intraday: key resistance at 9930.