eToro Daily Markets Review Pre - EU Friday, July 29, 2016

eToro Daily Markets Review Pre - EU Friday, July 29, 2016 EUR/USD     USD/JPY     USD/CHF     GBP/USD     EUR/AUD     GOLD     DAX     DOW JONES   Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out.     The information below is provided by Trading Central and must not be taken as any investment advice or an investment recommendation, or solicitation for any transactions.

EUR/USD Intraday: the upside prevails. Pivot: 1.1050 Most Likely Scenario: long positions above 1.1050 with targets @ 1.1110 & 1.1125 in extension. Alternative scenario: below 1.1050 look for further downside with 1.1030 & 1.1005 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Trade with eToro – Click Here Trading bears risk to your capital USD/JPY Intraday: under pressure. Pivot: 104.60 Most Likely Scenario: short positions below 104.60 with targets @ 102.40 & 102.00 in extension. Alternative scenario: above 104.60 look for further upside with 105.50 & 105.90 as targets. Comment: the RSI shows downside momentum. Trade with eToro – Click Here Trading bears risk to your capital USD/CHF Intraday: the downside prevails. Pivot: 0.9845 Most Likely Scenario: short positions below 0.9845 with targets @ 0.9760 & 0.9735 in extension. Alternative scenario: above 0.9845 look for further upside with 0.9875 & 0.9895 as targets. Comment: the RSI shows downside momentum. Trade with eToro – Click Here Trading bears risk to your capital GBP/USD Intraday: rebound. Pivot: 1.3115 Most Likely Scenario: long positions above 1.3115 with targets @ 1.3245 & 1.3280 in extension. Alternative scenario: below 1.3115 look for further downside with 1.3075 & 1.3045 as targets. Comment: the RSI shows upside momentum. Trade with eToro – Click Here Trading bears risk to your capital EUR/AUD Intraday: the bias remains bullish. Pivot: 1.4670 Most Likely Scenario: long positions above 1.4670 with targets @ 1.4780 & 1.4800 in extension. Alternative scenario: below 1.4670 look for further downside with 1.4645 & 1.4580 as targets. Comment: a support base at 1.4670 has formed and has allowed for a temporary stabilisation. Trade with eToro – Click Here Trading bears risk to your capital Gold spot Intraday: bullish bias above 1332.00. Pivot: 1332.00 Most Likely Scenario: long positions above 1332.00 with targets @ 1352.00 & 1357.00 in extension. Alternative scenario: below 1332.00 look for further downside with 1324.50 & 1315.60 as targets. Comment: a support base at 1332.00 has formed and has allowed for a temporary stabilisation. Trade with eToro – Click Here Trading bears risk to your capital Dax (Eurex) (U6) Intraday: key resistance at 10380.00. Pivot: 10380.00 Most Likely Scenario: short positions below 10380.00 with targets @ 10260.00 & 10195.00 in extension. Alternative scenario: above 10380.00 look for further upside with 10420.00 & 10520.00 as targets. Comment: as long as 10380.00 is resistance, look for choppy price action with a bearish bias. Trade with eToro – Click Here Trading bears risk to your capital Dow Jones (CME) (U6) Intraday: consolidation. Pivot: 18455.00 Most Likely Scenario: short positions below 18455.00 with targets @ 18230.00 & 18150.00 in extension. Alternative scenario: above 18455.00 look for further upside with 18515.00 & 18550.00 as targets. Comment: the RSI is mixed with a bearish bias. Prices are capped by a declining trend line. Trade with eToro – Click Here Trading bears risk to your capital