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Jan 23, 2020 – Thursday

EUR/USD Intraday: Under Pressure

Pivot: 1.1100
Our Preference: Short positions below 1.1100 with targets at 1.1070 & 1.1060 in extension
Alternative Scenario: Above 1.1100 look for further upside with 1.1115 & 1.1130 as targets
Comment: The RSI shows downside momentum


GBP/USD Intraday: Under Pressure

Pivot: 1.3150
Our Preference: Short positions below 1.3150 with targets at 1.3095 & 1.3065 in extension
Alternative Scenario: Above 1.3150 look for further upside with 1.3175 & 1.3200 as targets
Comment: The RSI shows downside momentum


AUD/USD Intraday: The Upside Prevails

Pivot: 0.6850
Our Preference: Long positions above 0.6850 with targets at 0.6875 & 0.6890 in extension
Alternative Scenario: Below 0.6850 look for further downside with 0.6835 & 0.6820 as targets
Comment: The RSI shows upside momentum


GOLD Intraday: 1568.50 In Sight

Pivot: 1555.50
Our Preference: Long positions above 1555.50 with targets at 1563.50 & 1568.50 in extension
Alternative Scenario: Below 1555.50 look for further downside with 1550.00 & 1546.00 as targets
Comment: The RSI has just landed on its neutrality area at 50% and is turning up


CRUDE OIL‎ Intraday: Expect 54.80

Pivot: 56.25
Our Preference: Short positions below 56.25 with targets at 55.15 & 54.80 in extension
Alternative Scenario: Above 56.25 look for further upside with 56.70 & 57.05 as targets
Comment: The RSI shows downside momentum

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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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