Pivot: 1.3010.

Our preference: LONG positions @ 1.302 with targets @ 1.3075 & 1.3095.

Alternative scenario: The downside breakout of 1.301 will open the way to 1.297 & 1.2945.

Comment: the pair has rebounded on its support and should post further advance as the RSI is well directed but stands below its overbought area.

Pivot: 1.5180.

Our preference: SHORT positions below 1.518 with targets @ 1.511 & 1.5075.

Alternative scenario: The upside penetration of 1.518 will call for 1.522 & 1.5245.

Comment: the pair is posting a rebound but stands below its new resistance, the RSI lacks upward momentum.

Pivot: 93.50.

Our preference: SHORT positions below 93.5 with 93 & 92.7 as next targets.

Alternative scenario: The upside penetration of 93.5 will call for 93.65 & 93.9.

Comment: the pair is under pressure and is challenging its support, the RSI stands below its neutrality area and is turning down.

Pivot: 120.9

Our preference: Long @ 121.1 with targets @ 122.25 & 123.1 in extension.

Alternative scenario: Below 120.9 look for further downside with 120.4 & 119.6 as targets.

Comment: the pair remains on the upside and is approaching its resistance, the RSI stands above its neutrality area and is reversing up.

Pivot: 141.5

Our preference: Short positions below 141.5 with targets @ 140.5 & 140.15 in extension.

Alternative scenario: Above 141.5 look for further upside with 142 & 142.4 as targets.

Comment: the pair is rebounding but stands below its resistance, the RSI stands around its neutrality area and is turning down.

Pivot: 1.024

Our preference: Long positions above 1.024 with targets @ 1.03 & 1.033 in extension.

Alternative scenario: Below 1.024 look for further downside with 1.022 & 1.019 as targets.

Comment: the pair remains on the upside and is approaching its next resistance, the RSI is well directed and stands below its overbought area.

Pivot: 3705

Our preference: LONG positions above 3705 with 3792 & 3850 in sight.

Alternative scenario: The downside penetration of 3705 will call for a slide towards 3665 & 3620.

Comment : Prices are still supported by an ascending trend line.

Pivot: 7720

Our preference: LONG positions above 7720 with 7885 & 7935 as next targets.

Alternative scenario: The downside breakout of 7720 will open the way to 7626 & 7560.

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