Daily Technical Analysis Pre EU 11th October 2011

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PRE EUROPEAN OPEN, Daily Technical analysis, 11 October 2011

EUR/USD GBP/USD USD/JPY AUD/USD Gold Crude Oil

Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out.

EUR/USD intraday: the upside prevails. Pivot: 1.3570. Most Likely Scenario: LONG positions @ 1.3585 with 1.37 & 1.376 as next targets. Alternative scenario: The downside breakout of 1.357 will open the way to 1.352 & 1.347. Comment: The RSI is supported by a rising trend line. Trend: ST Consolidation; MT Bearish Next » GBP/USD intraday: intraday support around 1.553 Pivot: 1.5530. Most Likely Scenario: LONG positions @ 1.5545 with 1.5675 & 1.5715 as next targets. Alternative scenario: The downside penetration of 1.553 will call for 1.548 & 1.543. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited to the 1.5530 strong support. « Previous | Next » USD/JPY intraday: under pressure. Pivot: 76.90. Most Likely Scenario: SHORT positions @ 76.85 with targets @ 76.5 & 76.3. Alternative scenario: The upside breakout of 76.9 will open the way to 77.1 & 77.2. Comment: The pair remains under pressure and is challenging its support. « Previous | Next » AUD/USD intraday: supported by a rising trend line. Pivot: 0.988 Most Likely Scenario: Long positions above 0.988 with targets @ 1.005 & 1.0075 in extension. Alternative scenario: Below 0.988 look for further downside with 0.9725 & 0.9625 as targets. Comment: The RSI is supported by a bullish trend line. « Previous | Next » GOLD (Spot) intraday: the bias remains bullish. Pivot: 1655.00 Most Likely Scenario: LONG positions above 1655 with 1700 & 1720 as next targets. Alternative scenario: The downside penetration of 1655 will call for 1630 & 1600. Comment: Intraday support around 1655 « Previous | Next » Crude Oil (Nov 11) intraday: further upside. Pivot: 84.00 Most Likely Scenario: LONG positions above 84 with 86.25 & 87.95 in sight. Alternative scenario: The downside penetration of 84 will call for 81.5 & 80. Comment: The price stands in a bullish channel. « Previous | BACK TO TOP » Disclaimer Copyright The information contained in this publication is produced by TRADING Central and not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects TRADING Central current judgment and may change without notice. TRADING Central is not registered in France as an Investment Services Provider but complies with the following rules and directives, including: - General Regulation Handbook of the AMF, Book III, Title III, Chapter VII "Investment Analysts Not Associated with an Investment Services Provider" - EU Commission Directive 2006/73 dated 10 August 2006, Articles 24 and 25 - EU Commission Directive 2004/39 dated 21 April 2004 - EU Commission Directive 2003/125 dated 22 December 2003

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