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Jan 24, 2020 – Friday

EUR/USD Intraday: Key Resistance At 1.1070

Pivot: 1.1070
Our Preference: Short positions below 1.1070 with targets at 1.1035 & 1.1015 in extension
Alternative Scenario: Above 1.1070 look for further upside with 1.1085 & 1.1100 as targets
Comment: As long as the resistance at 1.1070 is not surpassed, the risk of the break below 1.1035 remains high


GBP/USD Intraday: The Upside Prevails

Pivot: 1.3100
Our Preference: Long positions above 1.3100 with targets at 1.3135 & 1.3155 in extension
Alternative Scenario: Below 1.3100 look for further downside with 1.3085 & 1.3065 as targets
Comment: The RSI is mixed to bullish


AUD/USD Intraday: Key Resistance At 0.6855

Pivot: 0.6855
Our Preference: Short positions below 0.6855 with targets at 0.6835 & 0.6825 in extension
Alternative Scenario: Above 0.6855 look for further upside with 0.6875 & 0.6890 as targets
Comment: The upward potential is likely to be limited by the resistance at 0.6855


GOLD Intraday: Bullish Bias Above 1558.00

Pivot: 1558.00
Our Preference: Long positions above 1558.00 with targets at 1564.00 & 1568.00 in extension
Alternative Scenario: Below 1558.00 look for further downside with 1554.50 & 1551.50 as targets
Comment: The RSI is mixed with a bullish bias


CRUDE OIL Intraday: Rebound Expected

Pivot: 55.30
Our Preference: Long positions above 55.30 with targets at 56.55 & 57.05 in extension
Alternative Scenario: Below 55.30 look for further downside with 54.75 & 54.20 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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