Pre European Open, Daily Technical Analysis   Thursday, November 30, 2017

Pre European Open, Daily Technical Analysis Thursday, November 30, 2017

30 November 2017, 09:33
Dragan Drenjanin
0
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EUR/USD Intraday: under pressure. 



Pivot: 1.1875
Most Likely Scenario: short positions below 1.1875 with targets at 1.1845 & 1.1815 in extension.
Alternative scenario: above 1.1875 look for further upside with 1.1895 & 1.1920 as targets.
Comment: the RSI lacks upward momentum.

GBP/USD Intraday: the bias remains bullish. 



Pivot: 1.3405
Most Likely Scenario: long positions above 1.3405 with targets at 1.3485 & 1.3515 in extension.
Alternative scenario: below 1.3405 look for further downside with 1.3350 & 1.3315 as targets.
Comment: the RSI shows upside momentum.

USD/JPY Intraday: the bias remains bullish. 



Pivot: 111.65
Most Likely Scenario: long positions above 111.65 with targets at 112.40 & 112.65 in extension.
Alternative scenario: below 111.65 look for further downside with 111.35 & 111.10 as targets.
Comment: the RSI shows upside momentum.

AUD/USD Intraday: the upside prevails. 



Pivot: 0.7555
Most Likely Scenario: long positions above 0.7555 with targets at 0.7600 & 0.7620 in extension.
Alternative scenario: below 0.7555 look for further downside with 0.7530 & 0.7500 as targets.
Comment: the RSI shows upside momentum.

Gold spot Intraday: under pressure. 



Pivot: 1292.50
Most Likely Scenario: short positions below 1292.50 with targets at 1279.00 & 1276.00 in extension.
Alternative scenario: above 1292.50 look for further upside with 1297.00 & 1300.00 as targets.
Comment: the RSI lacks upward momentum.

Crude Oil (WTI) (F8) Intraday: the downside prevails. 



Pivot: 58.15
Most Likely Scenario: short positions below 58.15 with targets at 56.75 & 56.40 in extension.
Alternative scenario: above 58.15 look for further upside with 58.55 & 59.00 as targets.
Comment: the RSI lacks upward momentum.







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