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EU Session – Bullet Report | No Rate hike for Now – Gold Reaches 2 Month High
EUR/USD Intraday: bullish bias above 1.085.
Pivot: 1.085
Most likely scenario: long positions above 1.085 with targets @ 1.094 & 1.0965 in extension.
Alternative scenario: below 1.085 look for further downside with 1.082 & 1.08 as targets.
Comment: the RSI is well directed.
Gold spot Intraday: bullish bias above 1115.
Pivot: 1115
Most likely scenario: long positions above 1115 with targets @ 1128 & 1133 in extension.
Alternative scenario: below 1115 look for further downside with 1109.5 & 1104.5 as targets.
Comment: a support base at 1115 has formed and has allowed for a temporary stabilisation.
Crude Oil (WTI) (H6) Intraday: bullish bias above 31.35.
Pivot: 31.35
Most likely scenario: long positions above 31.35 with targets @ 32.85 & 33.9 in extension.
Alternative scenario: below 31.35 look for further downside with 30.6 & 30 as targets.
Comment: a support base at 31.35 has formed and has allowed for a temporary stabilisation.
GBP/USD Intraday: the upside prevails.
Pivot: 1.4235
Most likely scenario: long positions above 1.4235 with targets @ 1.436 & 1.44 in extension.
Alternative scenario: below 1.4235 look for further downside with 1.4175 & 1.4125 as targets.
Comment: the RSI is well directed.
USD/JPY Intraday: the bias remains bullish.
Pivot: 118.35
Most likely scenario: long positions above 118.35 with targets @ 119.1 & 119.5 in extension.
Alternative scenario: below 118.35 look for further downside with 118 & 117.6 as targets.
Comment: the RSI is well directed.
AUD/USD Intraday: the bias remains bullish.
Pivot: 0.699
Most likely scenario: long positions above 0.699 with targets @ 0.712 & 0.715 in extension.
Alternative scenario: below 0.699 look for further downside with 0.696 & 0.6915 as targets.
Comment: the RSI is well directed.
Dax (Eurex) (H6) Intraday: key resistance at 9930.
Pivot: 9930
Most likely scenario: short positions below 9930 with targets @ 9675 & 9560 in extension.
Alternative scenario: above 9930 look for further upside with 10000 & 10090 as targets.
Comment: the upward potential is likely to be limited by the resistance at 9930.
USD/CHF Intraday: under pressure.
Pivot: 1.0185
Most likely scenario: short positions below 1.0185 with targets @ 1.011 & 1.0085 in extension.
Alternative scenario: above 1.0185 look for further upside with 1.0215 & 1.025 as targets.
Comment: as long as 1.0185 is resistance, look for choppy price action with a bearish bias.
USD/CAD Intraday: key resistance at 1.416.
Pivot: 1.416
Most likely scenario: short positions below 1.416 with targets @ 1.402 & 1.3985 in extension.
Alternative scenario: above 1.416 look for further upside with 1.42 & 1.426 as targets.
Comment: as long as 1.416 is resistance, look for choppy price action with a bearish bias.
EUR/JPY Intraday: the upside prevails.
Pivot: 128.7
Most likely scenario: long positions above 128.7 with targets @ 129.9 & 130.25 in extension.
Alternative scenario: below 128.7 look for further downside with 128.2 & 127.9 as targets.
Comment: the RSI is well directed.
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Source:: EU Session – Bullet Report | No Rate hike for Now – Gold Reaches 2 Month High
