EU session Bullet Report | The calm before the Storm

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EUR/USD Intraday: further advance.

Pivot: 1.1115

Most likely scenario: long positions above 1.1115 with targets @ 1.124 & 1.131 in extension.

Alternative scenario: below 1.1115 look for further downside with 1.107 & 1.1 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

 

 

 

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Gold spot Intraday: the upside prevails.

Pivot: 1147.5

Most likely scenario: long positions above 1147.5 with targets @ 1160 & 1166 in extension.

Alternative scenario: below 1147.5 look for further downside with 1141 & 1136.6 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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Crude Oil (WTI) (H6) Intraday: under pressure.

Pivot: 32.95

Most likely scenario: short positions below 32.95 with targets @ 31.3 & 30.6 in extension.

Alternative scenario: above 32.95 look for further upside with 33.6 & 34.43 as targets.

Comment: as long as the resistance at 32.95 is not surpassed, the risk of the break below 31.3 remains high.

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GBP/USD Intraday: intraday support around 1.451.

Pivot: 1.451

Most likely scenario: long positions above 1.451 with targets @ 1.466 & 1.4715 in extension.

Alternative scenario: below 1.451 look for further downside with 1.448 & 1.444 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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USD/JPY Intraday: the downside prevails.

Pivot: 117.35

Most likely scenario: short positions below 117.35 with targets @ 116.2 & 115.6 in extension.

Alternative scenario: above 117.35 look for further upside with 118.25 & 119 as targets.

Comment: the upward potential is likely to be limited by the resistance at 117.35.

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AUD/USD Intraday: the bias remains bullish.

Pivot: 0.715

Most likely scenario: long positions above 0.715 with targets @ 0.7245 & 0.728 in extension.

Alternative scenario: below 0.715 look for further downside with 0.7115 & 0.707 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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Dax (Eurex) (H6) Intraday: key resistance at 9670.

Pivot: 9670

Most likely scenario: short positions below 9670 with targets @ 9250 & 9160 in extension.

Alternative scenario: above 9670 look for further upside with 9795 & 9920 as targets.

Comment: the RSI is bearish and calls for further decline.

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USD/CHF Intraday: the downside prevails.

Pivot: 0.999

Most likely scenario: short positions below 0.999 with targets @ 0.987 & 0.984 in extension.

Alternative scenario: above 0.999 look for further upside with 1.0035 & 1.007 as targets.

Comment: as long as 0.999 is resistance, likely decline to 0.987.

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USD/CAD Intraday: key resistance at 1.378.

Pivot: 1.378

Most likely scenario: short positions below 1.378 with targets @ 1.364 & 1.3555 in extension.

Alternative scenario: above 1.378 look for further upside with 1.39 & 1.4 as targets.

Comment: the RSI is bearish and calls for further decline.

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EUR/JPY Intraday: the downside prevails.

Pivot: 131.15

Most likely scenario: short positions below 131.15 with targets @ 130 & 129.55 in extension.

Alternative scenario: above 131.15 look for further upside with 131.65 & 132 as targets.

Comment: the RSI lacks upward momentum.

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The post EU session Bullet Report | The calm before the Storm appeared first on Forex.Info.

Source:: EU session Bullet Report | The calm before the Storm

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