Our preference: SHORT positions below 1.336 with 1.3295 & 1.327 as next targets.

Alternative scenario: The upside penetration of 1.336 will call for a rebound towards 1.3375 & 1.341.

Comment: the pair stands below its resistance and remains under pressure, the RSI is badly directed.

Our preference: LONG positions above 1.547 with targets @ 1.5555 & 1.5605.

Alternative scenario: The downside penetration of 1.547 will call for 1.5425 & 1.5375.

Comment: the pair is rebounding and is challenging its resistance.

Our preference: LONG positions @ 97.5 with targets @ 98.05 & 98.35.

Alternative scenario: The downside penetration of 97.4 will call for a slide towards 97.2 & 96.85.

Comment: the pair is rebounding on its support.

Our preference: Long positions above 129.55 with targets @ 130.55 & 130.85 in extension.

Alternative scenario: Below 129.55 look for further downside with 129.15 & 128.85 as targets.

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

Our preference: Long positions above 151.05 with targets @ 151.95 & 152.6 in extension.

Alternative scenario: Below 151.05 look for further downside with 150.4 & 149.85 as targets.

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

Our preference: Long positions above 0.893 with targets @ 0.8985 & 0.901 in extension.

Alternative scenario: Below 0.893 look for further downside with 0.891 & 0.8895 as targets.

Comment: the pair has broken above a bearish channel upper boundary and remains on the upside.

Our preference: SHORT positions below 4013 with targets @ 3935 & 3925.

Alternative scenario: The upside penetration of 4013 will call for a rebound towards 4080 & 4125.

Comment : technically, the RSI is below its neutrality area at 50.

Our preference: SHORT positions below 8250 with 8095 & 8055 in sight.

Alternative scenario: The upside penetration of 8250 will call for a rebound towards 8320 & 8380.

Comment: technically, the RSI is below its neutrality area at 50.