Pivot: 1.338

Our preference: Short positions below 1.338 with targets @ 1.3305 & 1.326 in extension.

Alternative scenario: Above 1.338 look for further upside with 1.3415 & 1.344 as targets.

Comment: the pair stands below its new strong resistance and remains under pressure, the RSI stands around its neutrality area.

Pivot: 1.551

Our preference: Short positions below 1.551 with targets @ 1.5435 & 1.541 in extension.

Alternative scenario: Above 1.551 look for further upside with 1.555 & 1.56 as targets.

Comment: the pair remains in an intraday bearish channel.

Pivot: 0.92

Our preference: Long positions above 0.92 with targets @ 0.9255 & 0.929 in extension.

Alternative scenario: Below 0.92 look for further downside with 0.9175 & 0.915 as targets.

Comment: a support base at 0.92 has formed and has allowed for a temporary stabilisation.

Pivot: 1.008

Our preference: Long positions above 1.008 with targets @ 1.015 & 1.017 in extension.

Alternative scenario: Below 1.008 look for further downside with 1.005 & 1.0025 as targets.

Comment: the pair has broken above its resistance and stands above its new support, further advance is likely towards the previous high.

Pivot: 97.05

Our preference: SHORT positions @ 96.6 with targets @ 95 & 93.7.

Alternative scenario: The upside penetration of 97.05 will call for 98.1 & 99.3.

Comment: as long as the resistance at 97.05 is not surpassed, the risk of the break below 95 remains high.

Pivot: 1629.00

Our preference: SHORT positions @ 1625 with 1598 & 1589 in sight.

Alternative scenario: The upside penetration of 1629 will call for 1640 & 1654.

Comment: the upward potential is likely to be limited by the resistance at 1629.

Pivot: 14000

Our preference: SHORT positions below 14000 with 13880 & 13800 in sight.

Alternative scenario: The upside breakout of 14000 will open the way to 14035 & 14070.

Comment: as long as 14000 is resistance, look for choppy price action with a bearish bias.

Pivot: 1522

Our preference: SHORT positions below 1522 with 1510 & 1504 as next targets.

Alternative scenario: The upside penetration of 1522 will call for 1525 & 1529.

Comment: as long as 1522 is resistance, look for choppy price action with a bearish bias.