Our preference: LONG positions above 1.316 with 1.325 & 1.33 in sight.

Alternative scenario: The downside penetration of 1.316 will call for a slide towards 1.31 & 1.3065.

Comment: the break above 1.316 is a positive signal that has opened a path to 1.325.

Our preference: LONG positions above 1.5325 with 1.54 & 1.543 in sight.

Alternative scenario: The downside breakout of 1.5325 will open the way to 1.5295 & 1.5265.

Comment: a support base at 1.5325 has formed and has allowed for a temporary stabilisation.

Our preference: SHORT positions below 100.15 with targets @ 99.2 & 98.9.

Alternative scenario: The upside penetration of 100.15 will call for 100.65 & 100.85.

Comment: the pair is trading in a bearish channel.

Our preference: Long positions above 131 with targets @ 132.35 & 132.85 in extension.

Alternative scenario: Below 131 look for further downside with 130.6 & 130 as targets.

Comment: the RSI has just landed on its neutrality area at 50%.

Our preference: Long positions above 152 with targets @ 153.75 & 154.2 in extension.

Alternative scenario: Below 152 look for further downside with 151.1 & 150.4 as targets.

Comment: the RSI has just landed on its neutrality area at 50% and is turning up.

Our preference: Long positions above 0.922 with targets @ 0.934 & 0.9365 in extension.

Alternative scenario: Below 0.922 look for further downside with 0.913 & 0.9085 as targets.

Comment: a support base at 0.922 has formed and has allowed for a temporary stabilisation.

Our preference: LONG positions above 3880 with targets @ 3960 & 4000.

Alternative scenario: The downside penetration of 3880 will call for 3860 & 3825.

Comment : Prices are still evolving within an ascending channel.

Our preference: LONG positions above 8215 with 8410 & 8460 in sight.

Alternative scenario: The downside penetration of 8215 will call for 8130 & 8080.

Comment: intraday technical indicators are mixed and call for caution..