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Jan 28, 2020 – Tuesday

EUR/USD Intraday: Key Resistance At 1.1030

Pivot: 1.1030
Our Preference: Short positions below 1.1030 with targets at 1.1010 & 1.1000 in extension
Alternative Scenario: Above 1.1030 look for further upside with 1.1040 & 1.1055 as targets
Comment: As long as the resistance at 1.1030 is not surpassed, the risk of the break below 1.1010 remains high


GBP/USD Intraday: Under Pressure

Pivot: 1.3075
Our Preference: Short positions below 1.3075 with targets at 1.3040 & 1.3025 in extension
Alternative Scenario: Above 1.3075 look for further upside with 1.3095 & 1.3115 as targets
Comment: As long as 1.3075 is resistance, look for choppy price action with a bearish bias


AUD/USD Intraday: Key Resistance At 0.6775

Pivot: 0.6775
Our Preference: Short positions below 0.6775 with targets at 0.6740 & 0.6725 in extension
Alternative Scenario: Above 0.6775 look for further upside with 0.6790 & 0.6805 as targets
Comment: As long as the resistance at 0.6775 is not surpassed, the risk of the break below 0.6740 remains high


GOLD Intraday: Towards 1571.00

Pivot: 1583.50
Our Preference: Short positions below 1583.50 with targets at 1575.50 & 1571.00 in extension
Alternative Scenario: Above 1583.50 look for further upside with 1586.00 & 1588.50 as targets
Comment: The RSI calls for a new downleg


CRUDE OIL Intraday: Rebound

Pivot: 52.55
Our Preference: Long positions above 52.55 with targets at 53.55 & 53.90 in extension
Alternative Scenario: Below 52.55 look for further downside with 52.10 & 51.70 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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