Our preference: SHORT positions @ 1.3465 with 1.3405 & 1.335 as next targets.

Alternative scenario: The upside breakout of 1.3475 will open the way to 1.352 & 1.3575.

Comment: the pair is breaking below the lower boundary of a bearish flag and should post further weakness as the RSI is badly directed but stands above its oversold area.

Our preference: SHORT positions @ 1.5575 with targets @ 1.551 & 1.545.

Alternative scenario: The upside breakout of 1.5585 will open the way to 1.5635 & 1.5685.

Comment: the pair stands below its new resistance and remains on the downside, the RSI is still badly directed but is challenging its oversold area.

Our preference: LONG positions @ 93 with 93.85 & 94.45 in sight.

Alternative scenario: The downside penetration of 92.9 will call for a slide towards 92.4 & 92.1.

Comment: the pair is supported by a rising trend line and should post further advance as the RSI stands above its neutrality area and remains well directed.

Our preference: Long @ 125.07 with targets @ 126.15 & 126.9 in extension.

Alternative scenario: Below 125 look for further downside with 124.5 & 124 as targets.

Comment: the pair stands above its new support and should post further advance as the RSI stands above its neutrality area.

Our preference: Short positions below 145.9 with targets @ 144.6 & 144.15 in extension.

Alternative scenario: Above 145.9 look for further upside with 146.65 & 147.3 as targets.

Comment: the pair remains capped by a declining trend line and should face further weakness, the RSI stands below its neutrality area and is turning down.

Our preference: Long positions above 1.032 with targets @ 1.038 & 1.04 in extension.

Alternative scenario: Below 1.032 look for further downside with 1.0295 & 1.0255 as targets.

Comment: the pair stands above its support and remains on the upside, the RSI stands around its neutrality area.

Our preference: LONG positions above 3650 with 3709 & 3725 in sight.

Alternative scenario: The downside penetration of 3650 will call for 3625 & 3590.

Comment : Prices are supported by a rising trend line.

Our preference: LONG positions above 7590 with 7765 & 7790 in sight.

Alternative scenario: The downside penetration of 7590 will call for 7535 & 7465.

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