Pivot: 1.2895.

Our preference: SHORT positions below 1.2895 with targets @ 1.282 & 1.2785.

Alternative scenario: The upside penetration of 1.2895 will call for a rebound towards 1.292 & 1.2955.

Comment: the pair remains under pressure and is challenging its previous low, the RSI is posting a rebound but stands below its neutrality area.

Pivot: 1.5185.

Our preference: SHORT positions below 1.5185 with 1.5135 & 1.5105 as next targets.

Alternative scenario: The upside breakout of 1.5185 will open the way to 1.521 & 1.525.

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

Pivot: 94.25.

Our preference: LONG positions above 94.25 with targets @ 94.95 & 95.2.

Alternative scenario: The downside breakout of 94.25 will open the way to 93.95 & 93.5.

Comment: the pair has broken above a declining trend line and should post further advance, the RSI is well directed.

Pivot: 122

Our preference: Short positions below 122 with targets @ 121.15 & 120.7 in extension.

Alternative scenario: Above 122 look for further upside with 122.8 & 123.85 as targets.

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

Pivot: 143

Our preference: Long positions above 143 with targets @ 143.85 & 144.25 in extension.

Alternative scenario: Below 143 look for further downside with 142.45 & 141.85 as targets.

Comment: the pair has broken above a declining trend line and remains on the upside, the RSI stands above its neutrality area and is well directed.

Pivot: 1.0445

Our preference: Long positions above 1.0445 with targets @ 1.0495 & 1.0525 in extension.

Alternative scenario: Below 1.0445 look for further downside with 1.0415 & 1.0385 as targets.

Comment: the pair remains supported by a rising trend line and should reach its previous high as the RSI is reversing up.

Pivot: 3837

Our preference: SHORT positions below 3837 with targets @ 3709 & 3655.

Alternative scenario: The upside penetration of 3837 will call for 3866 & 3900.

Comment : the RSI is mixed .

Pivot: 7930

Our preference: SHORT positions below 7930 with targets @ 7860 & 7790.

Alternative scenario: The upside penetration of 7930 will call for 7990 & 8044.

Comment: the RSI lacks upward momentum.