Sample Category Title

Pivot (invalidation): 1.3060

Our preference Short positions below 1.3060 with targets at 1.3000 & 1.2965 in extension.

Alternative scenario Above 1.3060 look for further upside with 1.3080 & 1.3100 as targets.

Comment The RSI is capped by a bearish trend line.

Pivot (invalidation): 0.9975

Our preference Short positions below 0.9975 with targets at 0.9940 & 0.9925 in extension.

Alternative scenario Above 0.9975 look for further upside with 0.9990 & 1.0010 as targets.

Comment The RSI shows downside momentum.

Pivot (invalidation): 112.30

Our preference Short positions below 112.30 with targets at 111.80 & 111.60 in extension.

Alternative scenario Above 112.30 look for further upside with 112.50 & 112.75 as targets.

Comment Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Pivot (invalidation): 1.2930

Our preference Short positions below 1.2930 with targets at 1.2860 & 1.2820 in extension.

Alternative scenario Above 1.2930 look for further upside with 1.2970 & 1.3005 as targets.

Comment A break below 1.2860 would trigger a drop towards 1.2820

Pivot (invalidation): 1.1425

Our preference Short positions below 1.1425 with targets at 1.1380 & 1.1360 in extension.

Alternative scenario Above 1.1425 look for further upside with 1.1450 & 1.1475 as targets.

Comment The upward potential is likely to be limited by the resistance at 1.1425.

German Ifo business climate dropped to 102.8 in October, down from 103.7, below expectation of 103.2. Current assessment gauge dropped to 105.9, down from 106.4 and missed expectation of 106.0. Expectations gauge dropped to 99.8, down from 101 and missed consensus of 100.3. Manufacturing, services and trade indices record decline in the month, but construction hit another record high.

Ifo president Clemens Fuest noted in the release that "firms were less satisfied with their current business situation and less optimistic about the months ahead. Growing global uncertainty is increasingly taking its toll on the German economy."

Full release here.

Pivot (invalidation): 2709.50

Our preference Short positions below 2709.50 with targets at 2630.00 & 2570.00 in extension.

Alternative scenario Above 2709.50 look for further upside with 2755.00 & 2817.25 as targets.

Comment The RSI shows downside momentum.

Pivot (invalidation): 11320.00

Our preference Short positions below 11320.00 with targets at 11070.00 & 11000.00 in extension.

Alternative scenario Above 11320.00 look for further upside with 11395.00 & 11520.00 as targets.

Comment The RSI has broken down its 30 level.

Pivot (invalidation): 66.90

Our preference Short positions below 66.90 with targets at 65.75 & 65.45 in extension.

Alternative scenario Above 66.90 look for further upside with 67.35 & 67.70 as targets.

Comment A break below 65.75 would trigger a drop towards 65.45.

Pivot (invalidation): 14.6200

Our preference Long positions above 14.6200 with targets at 14.8000 & 14.8500 in extension.

Alternative scenario Below 14.6200 look for further downside with 14.5600 & 14.4900 as targets.

Comment The RSI broke above a declining trend line.