Pivot: 1.3255.

Our preference: SHORT positions below 1.3255 with targets @ 1.3135 & 1.308.

Alternative scenario: The upside penetration of 1.3255 will call for 1.329 & 1.333.

Comment: the pair is posting a rebound but stands below its new resistance and below an internal declining trend line, the RSI lacks upward momentum.

Pivot: 1.5230.

Our preference: SHORT positions below 1.523 with targets @ 1.508 & 1.504.

Alternative scenario: The upside penetration of 1.523 will call for a rebound towards 1.533 & 1.541.

Comment: the pair has broken below its previous low and remains on the downside, the RSI stands below its neutrality area.

Pivot: 93.50.

Our preference: LONG positions above 93.5 with 94.45 & 95 in sight.

Alternative scenario: The downside penetration of 93.5 will call for 93 & 92.75.

Comment: the pair has broken above its resistance and should post further advance towards its previous high, the RSI is well directed but is also overbought.

Pivot: 123.25

Our preference: Long positions above 123.25 with targets @ 124.7 & 125.5 in extension.

Alternative scenario: Below 123.25 look for further downside with 122.35 & 121.6 as targets.

Comment: the pair stands above its new support (former resistance) and should post further advance as the RSI is well directed and stands below its overbought area.

Pivot: 142.9

Our preference: Short positions below 142.9 with targets @ 141.2 & 140.5 in extension.

Alternative scenario: Above 142.9 look for further upside with 144.2 & 144.7 as targets.

Comment: the pair stands below its resistance and remains under pressure, the RSI is posting a rebound but stands around its neutrality area.

Pivot: 1.031

Our preference: Short positions below 1.031 with targets @ 1.026 & 1.024 in extension.

Alternative scenario: Above 1.031 look for further upside with 1.034 & 1.0365 as targets.

Comment: the pair remains on the downside and is challenging its support, the RSI is badly directed and stands above its oversold area.

Pivot: 3742

Our preference: SHORT positions below 3742 with 3680 & 3650 as next targets.

Alternative scenario: The upside breakout of 3742 will open the way to 3775 & 3792.

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

Pivot: 7570

Our preference: LONG positions above 7570 with 7745 & 7783 in sight.

Alternative scenario: The downside penetration of 7570 will call for a slide towards 7537 & 7465.

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