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Feb 03, 2020 – Monday

EUR/USD Intraday: The Upside Prevails

Pivot: 1.1070
Our Preference: Long positions above 1.1070 with targets at 1.1095 & 1.1115 in extension
Alternative Scenario: Below 1.1070 look for further downside with 1.1055 & 1.1040 as targets
Comment: The RSI is mixed to bullish


GBP/USD Intraday: The Upside Prevails

Pivot: 1.3140
Our Preference: Long positions above 1.3140 with targets at 1.3185 & 1.3210 in extension
Alternative Scenario: Below 1.3140 look for further downside with 1.3100 & 1.3080 as targets
Comment: The RSI is mixed to bullish


AUD/USD Intraday: Key Resistance At 0.6705

Pivot: 0.6705
Our Preference: Short positions below 0.6705 with targets at 0.6680 & 0.6655 in extension
Alternative Scenario: Above 0.6705 look for further upside with 0.6725 & 0.6745 as targets
Comment: The upward potential is likely to be limited by the resistance at 0.6705


GOLD Intraday: Watch 1575.50

Pivot: 1585.00
Our Preference: Short positions below 1585.00 with targets at 1578.00 & 1575.50 in extension
Alternative Scenario: Above 1585.00 look for further upside with 1589.00 & 1593.50 as targets
Comment: The RSI calls for a drop


CRUDE OIL‎ Intraday: Rebound Expected

Pivot: 51.20
Our Preference: Long positions above 51.20 with targets at 52.20 & 52.75 in extension
Alternative Scenario: Below 51.20 look for further downside with 50.80 & 50.40 as targets
Comment: The RSI calls for a rebound

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Opinion is published in an intradey view. Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

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