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EUR/USD intraday: rebound.
Pivot: 1.37 Most Likely Scenario: Long positions above 1.37 with targets @ 1.3855 & 1.3915 in extension. Alternative scenario: Below 1.37 look for further downside with 1.3655 & 1.358 as targets. Comment: the pair has rebounded on its support and has validated a falling wedge. |
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GOLD (Spot) intraday: up turn. |
Pivot: 1615.00 Most Likely Scenario: LONG positions above 1615 with 1640 & 1645 in sight. Alternative scenario: The downside penetration of 1615 will call for 1600 & 1595. Comment: the RSI has just broken above a declining trend line. |
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