Pivot: 1.338

Our preference: Short positions below 1.338 with targets @ 1.3305 & 1.326 in extension.

Alternative scenario: Above 1.338 look for further upside with 1.3415 & 1.344 as targets.

Comment: as long as the resistance at 1.338 is not surpassed, the risk of the break below 1.3305 remains high.

Pivot: 1.5545

Our preference: Short positions below 1.5545 with targets @ 1.545 & 1.541 in extension.

Alternative scenario: Above 1.5545 look for further upside with 1.56 & 1.5635 as targets.

Comment: as long as the resistance at 1.5545 is not surpassed, the risk of the break below 1.545 remains high.

Pivot: 0.9245

Our preference: Short positions below 0.9245 with targets @ 0.92 & 0.9175 in extension.

Alternative scenario: Above 0.9245 look for further upside with 0.929 & 0.9315 as targets.

Comment: the RSI lacks upward momentum.

Pivot: 1.0025

Our preference: Short positions below 1.0025 with targets @ 0.999 & 0.9965 in extension.

Alternative scenario: Above 1.0025 look for further upside with 1.0045 & 1.0065 as targets.

Comment: the RSI has struck against a major resistance around 70% and is reversing down.

Pivot: 96.50

Our preference: LONG positions above 96.5 with targets @ 98.1 & 99.3.

Alternative scenario: The downside penetration of 96.5 will call for 95.85 & 95.

Comment: intraday support around 96.5

Pivot: 1650.00

Our preference: SHORT positions below 1650 with 1621 & 1612 as next targets.

Alternative scenario: The upside penetration of 1650 will call for a rebound towards 1662 & 1673.

Comment: the 20 and 50 moving average are heading downward. Technical indicators do not post any reversal signal.

Pivot: 14000

Our preference: SHORT positions below 14000 with 13880 & 13800 as next targets.

Alternative scenario: The upside penetration of 14000 will call for a rebound towards 14035 & 14070.

Comment: as long as 14000 is resistance, look for choppy price action with a bearish bias.

Pivot: 1522

Our preference: SHORT positions below 1522 with 1510 & 1504 in sight.

Alternative scenario: The upside penetration of 1522 will call for a rebound towards 1525 & 1529.

Comment: as long as 1522 is resistance, look for choppy price action with a bearish bias.