Pivot: 1.2960.

Our preference: LONG positions above 1.296 with 1.304 & 1.31 as next targets.

Alternative scenario: The downside penetration of 1.296 will call for a slide towards 1.292 & 1.2875.

Comment: the pair is facing a pull back on its new support.

Pivot: 1.5220.

Our preference: LONG positions above 1.522 with 1.5305 & 1.5345 as next targets.

Alternative scenario: The downside penetration of 1.522 will call for 1.518 & 1.5125.

Comment: the pair has broken above a declining trend line and is pulling back ahead of further advance.

Pivot: 100.35.

Our preference: SHORT positions below 100.35 with targets @ 99.1 & 98.7.

Alternative scenario: The upside penetration of 100.35 will call for 100.8 & 101.2.

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

Pivot: 129.5

Our preference: Long @ 129.65 with targets @ 130.3 & 130.75 in extension.

Alternative scenario: Below 129.5 look for further downside with 128.6 & 128.15 as targets.

Comment: the pair is pulling back on its support ahead of a rebound.

Pivot: 151.3

Our preference: Long positions above 151.3 with targets @ 152.85 & 153.5 in extension.

Alternative scenario: Below 151.3 look for further downside with 150.55 & 150 as targets.

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

Pivot: 0.915

Our preference: Short positions below 0.915 with targets @ 0.907 & 0.903 in extension.

Alternative scenario: Above 0.915 look for further upside with 0.921 & 0.9255 as targets.

Comment: the pair is posting a rebound but remains capped by a declining trend line.

Pivot: 3740

Our preference: SHORT positions below 3740 with targets @ 3690 & 3665.

Alternative scenario: The upside penetration of 3740 will call for 3785 & 3840.

Comment : as long as 3740 is resistance, look for choppy price action with a bearish bias.

Pivot: 7920

Our preference: SHORT positions below 7920 with 7805 & 7725 in sight.

Alternative scenario: The upside breakout of 7920 will open the way to 8042 & 8155.

Comment: as long as 7920 is resistance, look for choppy price action with a bearish bias.