Pivot: 1.3380.

Our preference: SHORT positions below 1.338 with 1.3305 & 1.327 as next targets.

Alternative scenario: The upside breakout of 1.338 will open the way to 1.341 & 1.345.

Comment: the pair is posting a rebound but stands below its resistance.

Pivot: 1.5665.

Our preference: SHORT positions below 1.5665 with 1.557 & 1.5545 as next targets.

Alternative scenario: The upside penetration of 1.5665 will call for a rebound towards 1.572 & 1.575.

Comment: the pair stands below its resistance and remains under pressure.

Pivot: 97.50.

Our preference: LONG positions above 97.5 with 98.3 & 98.65 as next targets.

Alternative scenario: The downside penetration of 97.5 will call for 97.25 & 96.85.

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

Pivot: 130.35

Our preference: Long positions above 130.35 with targets @ 131.15 & 131.5 in extension.

Alternative scenario: Below 130.35 look for further downside with 129.85 & 129.4 as targets.

Comment: the pair remains on the upside and is challenging its resistance.

Pivot: 152.55

Our preference: Long @ 152.75 with targets @ 153.65 & 154.05 in extension.

Alternative scenario: Below 152.55 look for further downside with 151.7 & 151.1 as targets.

Comment: a support base at 152.55 has formed and has allowed for a temporary stabilisation.

Pivot: 0.9055

Our preference: Short positions below 0.9055 with targets @ 0.893 & 0.891 in extension.

Alternative scenario: Above 0.9055 look for further upside with 0.91 & 0.913 as targets.

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

Pivot: 4050

Our preference: SHORT positions below 4050 with 3998 & 3966 in sight.

Alternative scenario: The upside penetration of 4050 will call for 4090 & 4125.

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

Pivot: 8330

Our preference: SHORT positions below 8330 with 8240 & 8215 as next targets.

Alternative scenario: The upside breakout of 8330 will open the way to 8400 & 8460.

Comment: prices are trading within a declining channel.