Our preference: LONG positions @ 1.2995 with 1.3075 & 1.31 as next targets.

Alternative scenario: The downside breakout of 1.2985 will open the way to 1.2955 & 1.2915.

Comment: the pair stands above its support and remains on the upside, the RSI stands above its neutrality area and is turning up.

Our preference: LONG positions @ 1.4895 with targets @ 1.496 & 1.498.

Alternative scenario: The downside penetration of 1.4885 will call for 1.483 & 1.479.

Comment: the pair has broken above its resistance and should post further advance as the RSI is well directed and not yet overbought.

Our preference: SHORT positions @ 96.2 with targets @ 95.45 & 95.05.

Alternative scenario: The upside penetration of 96.3 will call for a rebound towards 96.7 & 97.

Comment: the pair remains under pressure and is breaking below its support, the RSI stands below its neutrality area and is badly directed.

Our preference: Long @ 124.65 with targets @ 125.25 & 125.75 in extension.

Alternative scenario: Below 124.55 look for further downside with 124.15 & 123.75 as targets.

Comment: the pair stands above its new support and should post a rebound on this level, the RSI stands around its neutrality area.

Our preference: Short @ 143.05 with targets @ 142.15 & 141.5 in extension.

Alternative scenario: Above 143.2 look for further upside with 143.75 & 144.15 as targets.

Comment: the pair has struck against its resistance and should face further weakness as the RSI stands below its neutrality area and is reversing down.

Our preference: Long positions above 1.0285 with targets @ 1.034 & 1.0365 in extension.

Alternative scenario: Below 1.0285 look for further downside with 1.0255 & 1.0235 as targets.

Comment: the pair is facing a pull back on its new support (former resistance) ahead of further advance.

Our preference: LONG positions above 3800 with 3880 & 3910 in sight.

Alternative scenario: The downside penetration of 3800 will call for a slide towards 3770 & 3740.

Comment : Prices are still supported by an ascending trend line

Our preference: LONG positions above 7860 with targets @ 8050 & 8090.

Alternative scenario: The downside breakout of 7860 will open the way to 7775 & 7626.

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