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Feb 06, 2020 – Thursday

EUR/USD Intraday: Under Pressure

Pivot: 1.1015
Our Preference: Short positions below 1.1015 with targets at 1.0990 & 1.0980 in extension
Alternative Scenario: Above 1.1015 look for further upside with 1.1025 & 1.1035 as targets
Comment: As long as the resistance at 1.1015 is not surpassed, the risk of the break below 1.0990 remains high


GBP/USD Intraday: Under Pressure

Pivot: 1.3010
Our Preference: Short positions below 1.3010 with targets at 1.2955 & 1.2940 in extension
Alternative Scenario: Above 1.3010 look for further upside with 1.3040 & 1.3070 as targets
Comment: The RSI is mixed to bearish


AUD/USD Intraday: The Upside Prevails

Pivot: 0.6740
Our Preference: Long positions above 0.6740 with targets at 0.6775 & 0.6785 in extension
Alternative Scenario: Below 0.6740 look for further downside with 0.6720 & 0.6705 as targets
Comment: The RSI shows upside momentum


GOLD Intraday: Target 1547.00

Pivot: 1559.50
Our Preference: Short positions below 1559.50 with targets at 1550.00 & 1547.00 in extension
Alternative Scenario: Above 1559.50 look for further upside with 1562.00 & 1565.00 as targets
Comment: The RSI advocates for further decline


CRUDE OIL‎ Intraday: Continuation Of The Rebound

Pivot: 51.00
Our Preference: Long positions above 51.00 with targets at 52.25 & 53.00 in extension
Alternative Scenario: Below 51.00 look for further downside with 50.45 & 49.75 as targets
Comment: The RSI is bullish and calls for further advance

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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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