Session Europe 
| EUR/USD | GBP/USD | USD/JPY | AUD/USD |Gold | Crude Oil |
Session US | EUR/USD | GBP/USD | USD/JPY | AUD/USD |Gold | Crude Oil |
FXPRO (PRE EUROPEAN OPEN) 03 February 2012
| EUR/USD intraday: the upside prevails. |
|---|
| Pivot: 1.3090. Most Likely Scenario: LONG positions above 1.309 with 1.317 & 1.32 as next targets. Alternative scenario: The downside penetration of 1.309 will call for 1.3045 & 1.302. Comment: the pair stands above its support. |
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| GBP/USD intraday: rebound. |
|---|
| Pivot: 1.5780. Most Likely Scenario: LONG positions above 1.578 with 1.5825 & 1.5855 as next targets. Alternative scenario: The downside penetration of 1.578 will call for a slide towards 1.574 & 1.57. Comment: the pair is rebounding on its support. |
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| USD/JPY intraday: under pressure. |
|---|
| Pivot: 76.40. Most Likely Scenario: SHORT positions below 76.4 with 76 & 75.75 as next targets. Alternative scenario: The upside penetration of 76.4 will call for 76.6 & 76.85. Comment: the pair remains on the downside and is challenging its support. |
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| AUD/USD intraday: caution. |
|---|
| Pivot: 1.0665 Most Likely Scenario: Long positions above 1.0665 with targets @ 1.0755 & 1.08 in extension. Alternative scenario: Below 1.0665 look for further downside with 1.0635 & 1.059 as targets. Comment: the pair is challenging its support, caution. |
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| GOLD (Spot) intraday: the bias remains bullish. |
|---|
| Pivot: 1740.00 Most Likely Scenario: LONG positions above 1740 with 1767 & 1790 in sight. Alternative scenario: The downside penetration of 1740 will call for 1726 & 1713. Comment: the price is trading within a bullish channel. |
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| Crude Oil (Mar 12) intraday: the downside prevails. |
|---|
| Pivot: 97.55 Most Likely Scenario: SHORT positions below 97.55 with 95.45 & 93.9 as next targets. Alternative scenario: The upside penetration of 97.55 will call for 98.5 & 99.45. Comment: a break below 95.45 would trigger a drop towards 93.9. |
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FXPRO