Our preference: Short positions below 1.2945 with targets @ 1.285 & 1.2825 in extension.

Alternative scenario: Above 1.2945 look for further upside with 1.2995 & 1.3025 as targets.

Comment: the pair has broken below its support and remains under pressure, the RSI is badly directed.

Our preference: Short positions below 1.5275 with targets @ 1.519 & 1.516 in extension.

Alternative scenario: Above 1.5275 look for further upside with 1.531 & 1.533 as targets.

Comment: the pair has struck against its resistance and remains under pressure.

Our preference: Long positions above 0.959 with targets @ 0.98 & 0.987 in extension.

Alternative scenario: Below 0.959 look for further downside with 0.9555 & 0.951 as targets.

Comment: the pair is breaking above its resistance and should post further advance.

Our preference: Long positions above 1.015 with targets @ 1.022 & 1.0245 in extension.

Alternative scenario: Below 1.015 look for further downside with 1.013 & 1.0085 as targets.

Comment: the pair remains on the upside and should post further advance.

Our preference: SHORT positions below 94.5 with 92.9 & 92.05 as next targets.

Alternative scenario: The upside penetration of 94.5 will call for a rebound towards 95.2 & 95.65.

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

Our preference: SHORT positions below 1431 with targets @ 1404 & 1385.

Alternative scenario: The upside penetration of 1431 will call for a rebound towards 1449 & 1462.

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

Our preference: LONG positions above 15075 with 15200 & 15225 as next targets.

Alternative scenario: The downside penetration of 15075 will call for a slide towards 15000 & 14950.

Comment: the immediate trend remains up but the momentum is weak.

Our preference: LONG positions above 1633 with 1654 & 1660 in sight.

Alternative scenario: The downside breakout of 1633 will open the way to 1626 & 1621.

Comment: the next resistances are at 1654 and then at 1660.