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Feb 07, 2020 – Friday

EUR/USD Intraday: Key Resistance At 1.0995

Pivot: 1.0995
Our Preference: Short positions below 1.0995 with targets at 1.0965 & 1.0945 in extension
Alternative Scenario: Above 1.0995 look for further upside with 1.1015 & 1.1030 as targets
Comment: As long as the resistance at 1.0995 is not surpassed, the risk of the break below 1.0965 remains high


GBP/USD Intraday: Key Resistance At 1.2955

Pivot: 1.2955
Our Preference: Short positions below 1.2955 with targets at 1.2920 & 1.2905 in extension
Alternative Scenario: Above 1.2955 look for further upside with 1.2980 & 1.3000 as targets
Comment: The upward potential is likely to be limited by the resistance at 1.2955


AUD/USD Intraday: Under Pressure

Pivot: 0.6735
Our Preference: Short positions below 0.6735 with targets at 0.6710 & 0.6695 in extension
Alternative Scenario: Above 0.6735 look for further upside with 0.6750 & 0.6760 as targets
Comment: The RSI shows downside momentum


GOLD Intraday: Further Advance

Pivot: 1561.00
Our Preference: Long positions above 1561.00 with targets at 1572.00 & 1579.00 in extension
Alternative Scenario: Below 1561.00 look for further downside with 1556.00 & 1552.50 as targets
Comment: The RSI is bullish and calls for further advance


CRUDE OIL Intraday: Towards 50.25

Pivot: 51.50
Our Preference: Short positions below 51.50 with targets at 50.65 & 50.25 in extension
Alternative Scenario: Above 51.50 look for further upside with 51.80 & 52.20 as targets
Comment: The RSI calls for a drop

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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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