Pivot: 1.2885.

Our preference: LONG positions above 1.2885 with targets @ 1.298 & 1.304.

Alternative scenario: The downside penetration of 1.2885 will call for 1.284 & 1.2815.

Comment: the pair is rebounding and is approaching its next resistance, the RSI is well directed but is also overbought.

Pivot: 1.514

Our preference: Long positions above 1.514 with targets @ 1.521 & 1.5235 in extension.

Alternative scenario: Below 1.514 look for further downside with 1.5105 & 1.5065 as targets.

Comment: the pair remains on the upside and is challenging its resistance, the RSI stands above its neutrality area and is well directed.

Pivot: 0.949

Our preference: Short positions below 0.949 with targets @ 0.9415 & 0.9375 in extension.

Alternative scenario: Above 0.949 look for further upside with 0.953 & 0.9565 as targets.

Comment: the pair remains under pressure and is challenging its support, the RSI is badly directed but is also oversold.

Pivot: 1.023

Our preference: Long positions above 1.023 with targets @ 1.0275 & 1.0295 in extension.

Alternative scenario: Below 1.023 look for further downside with 1.021 & 1.0195 as targets.

Comment: the pair has broken above a declining trend line and is facing a pull back ahead of further advance.

Pivot: 93.50

Our preference: SHORT positions below 93.5 with 91.6 & 90.75 in sight.

Alternative scenario: The upside penetration of 93.5 will call for 93.9 & 94.45.

Comment: as long as 93.5 is resistance, look for choppy price action with a bearish bias.

Pivot: 1606.00

Our preference: LONG positions above 1606 with 1619 & 1625 as next targets.

Alternative scenario: The downside penetration of 1606 will call for 1600 & 1590.

Comment: the RSI is mixed and calls for caution.

Pivot: 14480

Our preference: SHORT positions below 14480 with 14270 & 14205 as next targets.

Alternative scenario: The upside penetration of 14480 will call for a rebound towards 14520 & 14570.

Comment: the RSI is badly directed.

Pivot: 1556

Our preference: SHORT positions below 1556 with targets @ 1529 & 1518.

Alternative scenario: The upside breakout of 1556 will open the way to 1564 & 1569.

Comment: as long as 1556 is resistance, look for choppy price action with a bearish bias.