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Jan 30, 2020 – Thursday

EUR/USD Intraday: The Bias Remains Bullish

Pivot: 1.1000
Our Preference: Long positions above 1.1000 with targets at 1.1025 & 1.1035 in extension
Alternative Scenario: Below 1.1000 look for further downside with 1.0990 & 1.0980 as targets
Comment: The RSI shows upside momentum


GBP/USD Intraday: The Upside Prevails

Pivot: 1.3000
Our Preference: Long positions above 1.3000 with targets at 1.3030 & 1.3040 in extension
Alternative Scenario: Below 1.3000 look for further downside with 1.2990 & 1.2975 as targets
Comment: The RSI is mixed to bullish


AUD/USD Intraday: Under Pressure

Pivot: 0.6755
Our Preference: Short positions below 0.6755 with targets at 0.6720 & 0.6700 in extension
Alternative Scenario: Above 0.6755 look for further upside with 0.6775 & 0.6800 as targets
Comment: The RSI shows downside momentum


GOLD Intraday: Watch 1588.50

Pivot: 1574.50
Our Preference: Long positions above 1574.50 with targets at 1586.00 & 1588.50 in extension
Alternative Scenario: Below 1574.50 look for further downside with 1571.00 & 1567.00 as targets
Comment: The RSI is bullish and calls for further advance


CRUDE OIL‎ Intraday: Under Pressure

Pivot: 53.30
Our Preference: Short positions below 53.30 with targets at 52.45 & 52.10 in extension
Alternative Scenario: Above 53.30 look for further upside with 53.70 & 54.00 as targets
Comment: The RSI is bearish and calls for further downside

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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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