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Pre US Open, Daily Technical Analysis Thursday, February 11, 2016

11 February 2016, 12:19

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Pre US Open, Daily Technical Analysis Thursday, February 11, 2016

Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out.

EUR/USD Intraday: the upside prevails.

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	Pivot: 1.1220 Most Likely Scenario: long positions above 1.1220 with targets @ 1.1400 & 1.1460 in extension. Alternative scenario: below 1.1220 look for further downside with 1.1160 & 1.1105 as targets. Comment: the RSI is well directed.

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	Pivot: 1.4570 Most Likely Scenario: short positions below 1.4570 with targets @ 1.4375 & 1.4320 in extension. Alternative scenario: above 1.4570 look for further upside with 1.4615 & 1.4650 as targets. Comment: the RSI is badly directed.

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	Pivot: 113.10 Most Likely Scenario: short positions below 113.10 with targets @ 111.00 & 110.25 in extension. Alternative scenario: above 113.10 look for further upside with 114.20 & 115.25 as targets. Comment: the RSI is bearish and calls for further downside.

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	Pivot: 0.7115 Most Likely Scenario: short positions below 0.7115 with targets @ 0.6970 & 0.6930 in extension. Alternative scenario: above 0.7115 look for further upside with 0.7150 & 0.7170 as targets. Comment: the RSI is badly directed.

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	Pivot: 1198.00 Most Likely Scenario: long positions above 1198.00 with targets @ 1222.00 & 1240.00 in extension. Alternative scenario: below 1198.00 look for further downside with 1181.00 & 1164.00 as targets. Comment: the RSI is well directed.

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	Pivot: 28.73 Most Likely Scenario: short positions below 28.73 with targets @ 26.00 & 25.38 in extension. Alternative scenario: above 28.73 look for further upside with 29.27 & 30.60 as targets. Comment: the RSI has broken down its 30 level.