Pivot: 1.3310.

Our preference: LONG positions @ 1.3325 with 1.3355 & 1.339 in sight.

Alternative scenario: The downside breakout of 1.331 will open the way to 1.328 & 1.325.

Comment: the pair stands above its new support and should post a rebound.

Pivot: 1.5880.

Our preference: LONG positions @ 1.589 with 1.593 & 1.597 in sight.

Alternative scenario: The downside penetration of 1.588 will call for 1.583 & 1.577.

Comment: the pair stands above its support and should post a rebound as the RSI is turning up.

Pivot: 99.35.

Our preference: SHORT positions below 99.35 with 98.95 & 98.5 as next targets.

Alternative scenario: The upside penetration of 99.35 will call for a rebound towards 99.55 & 99.95.

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

Pivot: 132.55

Our preference: Short positions below 132.55 with targets @ 131.65 & 131.35 in extension.

Alternative scenario: Above 132.55 look for further upside with 132.85 & 133.3 as targets.

Comment: the pair is rebounding but stands below its resistance.

Pivot: 157.15

Our preference: Long positions above 157.15 with targets @ 157.9 & 158.3 in extension.

Alternative scenario: Below 157.15 look for further downside with 156.65 & 156.05 as targets.

Comment: the pair has rebounded and is challenging its resistance, the RSI stands above its neutrality area.

Pivot: 0.9275

Our preference: Long positions above 0.9275 with targets @ 0.9385 & 0.9435 in extension.

Alternative scenario: Below 0.9275 look for further downside with 0.923 & 0.918 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited by the 0.9275 gap area.

Pivot: 4095

Our preference: LONG positions above 4095 with targets @ 4170 & 4210.

Alternative scenario: The downside penetration of 4095 will call for 4045 & 3990.

Comment : prices are still capped by the key resistance threshold @ 4170

Pivot: 8460

Our preference: LONG positions above 8460 with 8660 & 8710 in sight.

Alternative scenario: The downside breakout of 8460 will open the way to 8325 & 8270.

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