Our preference: Short positions below 1.298 with targets @ 1.2915 & 1.2875 in extension.

Alternative scenario: Above 1.298 look for further upside with 1.304 & 1.3105 as targets.

Comment: the pair is rebounding but stands below its resistance, the RSI lacks upward momentum and stands around its neutrality area.

Our preference: Long positions above 1.5065 with targets @ 1.5145 & 1.518 in extension.

Alternative scenario: Below 1.5065 look for further downside with 1.5045 & 1.5005 as targets.

Comment: the pair has rebounded on its support and remains on the upside, the RSI stands above its neutrality area.

Our preference: Short positions below 0.9475 with targets @ 0.9415 & 0.9375 in extension.

Alternative scenario: Above 0.9475 look for further upside with 0.95 & 0.953 as targets.

Comment: the pair has struck against its resistance and remains under pressure, the RSI is badly directed.

Our preference: Long positions above 1.0195 with targets @ 1.025 & 1.0275 in extension.

Alternative scenario: Below 1.0195 look for further downside with 1.018 & 1.0155 as targets.

Comment: the pair is rebounding and is breaking above its resistance, the RSI is well directed.

Our preference: LONG positions above 92.7 with 94.45 & 94.85 in sight.

Alternative scenario: The downside penetration of 92.7 will call for a slide towards 91.9 & 90.8.

Comment: the RSI has just landed on its neutrality area at 50% and is turning up.

Our preference: LONG positions above 1597 with 1611 & 1619 in sight.

Alternative scenario: The downside penetration of 1597 will call for a slide towards 1590 & 1584.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Our preference: LONG positions above 14330 with 14480 & 14520 as next targets.

Alternative scenario: The downside penetration of 14330 will call for a slide towards 14270 & 14200.

Comment: the RSI is mixed with a bullish bias.

Our preference: LONG positions above 1537 with 1559 & 1564 in sight.

Alternative scenario: The downside penetration of 1537 will call for a slide towards 1529 & 1524.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.