Pivot: 1.283

Our preference: Short positions below 1.283 with targets @ 1.275 & 1.273 in extension.

Alternative scenario: Above 1.283 look for further upside with 1.2895 & 1.292 as targets.

Comment: the pair is rebounding but stands below its resistance.

Pivot: 1.5115

Our preference: Long positions above 1.5115 with targets @ 1.5185 & 1.521 in extension.

Alternative scenario: Below 1.5115 look for further downside with 1.509 & 1.507 as targets.

Comment: the pair is facing a pull back on its support.

Pivot: 0.9495

Our preference: Long positions above 0.9495 with targets @ 0.955 & 0.9565 in extension.

Alternative scenario: Below 0.9495 look for further downside with 0.9465 & 0.9445 as targets.

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

Pivot: 1.02

Our preference: Short positions below 1.02 with targets @ 1.0135 & 1.012 in extension.

Alternative scenario: Above 1.02 look for further upside with 1.0215 & 1.0235 as targets.

Comment: the pair remains under pressure and is challenging its support, the RSI lacks upward momentum.

Pivot: 97.10

Our preference: SHORT positions below 97.1 with 95.6 & 94.9 as next targets.

Alternative scenario: The upside penetration of 97.1 will call for a rebound towards 97.85 & 98.95.

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

Pivot: 1590.00

Our preference: LONG positions above 1590 with 1608 & 1617 as next targets.

Alternative scenario: The downside penetration of 1590 will call for a slide towards 1576 & 1561.

Comment: a support base at 1590 (20-day moving average) has formed and has allowed for a temporary stabilisation. The 50 period moving average is turning up. Further recovery seems likely towards 1617.

Pivot: 14390

Our preference: LONG positions above 14390 with 14515 & 14570 in sight.

Alternative scenario: The downside penetration of 14390 will call for a slide towards 14325 & 14270.

Comment: the RSI broke above a bearish trend line.

Pivot: 1546

Our preference: LONG positions above 1546 with targets @ 1560 & 1569.

Alternative scenario: The downside penetration of 1546 will call for 1540 & 1530.

Comment: the RSI is bullish and calls for further upside.