Pivot: 1.3265.

Our preference: SHORT positions below 1.3265 with targets @ 1.316 & 1.313.

Alternative scenario: The upside penetration of 1.3265 will call for 1.33 & 1.3335.

Comment: the pair stands below its resistance and remains on the downside while the RSI is capped by a horizontal resistance and has just broken below a rising trend line.

Pivot: 1.5425.

Our preference: LONG positions above 1.5425 with 1.556 & 1.56 in sight.

Alternative scenario: The downside penetration of 1.5425 will call for 1.533 & 1.527.

Comment: intraday technical indicators are gaining bullish momentum. However, the upside potential is likely to be limited by the 1.56 strong resistance.

Pivot: 96.80.

Our preference: LONG positions @ 97.4 with targets @ 98.5 & 99.25.

Alternative scenario: The downside penetration of 96.8 will call for 95.85 & 95.25.

Comment: the RSI has just landed on a support around 34% and is reversing up.

Pivot: 128.1

Our preference: Long positions above 128.1 with targets @ 129.95 & 130.65 in extension.

Alternative scenario: Below 128.1 look for further downside with 127.5 & 127 as targets.

Comment: the pair stands above its support and remains on the upside.

Pivot: 149.95

Our preference: Long positions above 149.95 with targets @ 151.95 & 152.4 in extension.

Alternative scenario: Below 149.95 look for further downside with 149.35 & 148.75 as targets.

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

Pivot: 0.931

Our preference: Short positions below 0.931 with targets @ 0.9125 & 0.905 in extension.

Alternative scenario: Above 0.931 look for further upside with 0.938 & 0.9435 as targets.

Comment: as long as 0.931 is resistance, look for choppy price action with a bearish bias.

Pivot: 3826

Our preference: SHORT positions below 3826 with 3670 & 3630 in sight.

Alternative scenario: The upside penetration of 3826 will call for 3881 & 3932.

Comment : the RSI is capped by a declining trend line.

Pivot: 8180

Our preference: SHORT positions below 8180 with targets @ 7875 & 7770.

Alternative scenario: The upside breakout of 8180 will open the way to 8290 & 8350.

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