Our preference: Short positions below 1.294 with targets @ 1.284 & 1.2795 in extension.

Alternative scenario: Above 1.294 look for further upside with 1.298 & 1.304 as targets.

Comment: the pair remains on the downside and is breaking below its previous low.

Our preference: Short positions below 1.513 with targets @ 1.4955 & 1.4915 in extension.

Alternative scenario: Above 1.513 look for further upside with 1.517 & 1.522 as targets.

Comment: the pair remains on the downside and is breaking below its previous low.

Our preference: Long positions above 0.9515 with targets @ 0.9625 & 0.9675 in extension.

Alternative scenario: Below 0.9515 look for further downside with 0.9485 & 0.9455 as targets.

Comment: the pair remains on the upside and is breaking above its resistance.

Our preference: Long positions above 1.0485 with targets @ 1.0555 & 1.058 in extension.

Alternative scenario: Below 1.0485 look for further downside with 1.0455 & 1.042 as targets.

Comment: the pair has struck against its resistance and is facing a pull back.

Our preference: LONG positions above 99.8 with 102.1 & 102.9 in sight.

Alternative scenario: The downside penetration of 99.8 will call for a slide towards 99.2 & 98.35.

Comment: the RSI lacks downward momentum.

Our preference: SHORT positions below 1259 with 1223.5 & 1213 in sight.

Alternative scenario: The upside penetration of 1259 will call for 1271 & 1288.

Comment: as long as the resistance at 1259 is not surpassed, the risk of the break below 1223.5 remains high.

Our preference: LONG positions above 14920 with 15090 & 15200 in sight.

Alternative scenario: The downside penetration of 14920 will call for a slide towards 14835 & 14750.

Comment: the RSI broke above a declining trend line.

Our preference: LONG positions above 1606 with 1632 & 1641 in sight.

Alternative scenario: The downside penetration of 1606 will call for 1593 & 1580.

Comment : technically, the RSI is above its neutrality area at 50.