Pivot: 1.3175

Our preference: Short positions below 1.3175 with targets @ 1.307 & 1.305 in extension.

Alternative scenario: Above 1.3175 look for further upside with 1.323 & 1.325 as targets.

Comment: the pair is posting a slight rebound but stands below its resistance and remains under pressure.

Pivot: 1.543

Our preference: Short positions below 1.543 with targets @ 1.534 & 1.531 in extension.

Alternative scenario: Above 1.543 look for further upside with 1.5485 & 1.553 as targets.

Comment: the pair remains on the downside and is challenging its support.

Pivot: 0.929

Our preference: Long positions above 0.929 with targets @ 0.938 & 0.9415 in extension.

Alternative scenario: Below 0.929 look for further downside with 0.924 & 0.92 as targets.

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

Pivot: 1.0435

Our preference: Long positions above 1.0435 with targets @ 1.0535 & 1.059 in extension.

Alternative scenario: Below 1.0435 look for further downside with 1.039 & 1.036 as targets.

Comment: the pair has broken above its resistance and remains on the upside.

Pivot: 94.70

Our preference: SHORT positions below 94.7 with 92.6 & 91.6 as next targets.

Alternative scenario: The upside penetration of 94.7 will call for 95.85 & 96.65.

Comment: the contract is trading in a bearish channel.

Pivot: 1326.00

Our preference: SHORT positions below 1326 with 1270 & 1244 in sight.

Alternative scenario: The upside penetration of 1326 will call for a rebound towards 1347 & 1375.

Comment: the immediate trend remains down and the momentum is strong.

Pivot: 14870

Our preference: SHORT positions below 14870 with 14400 & 14320 as next targets.

Alternative scenario: The upside penetration of 14870 will call for 15020 & 15130.

Comment: the RSI is capped by a bearish trend line.

Pivot: 1602

Our preference: SHORT positions below 1602 with targets @ 1553 & 1542.

Alternative scenario: The upside penetration of 1602 will call for 1620 & 1633.

Comment: the RSI is capped by a bearish trend line.