Our preference: short positions below 1.1260 with targets at 1.1220 & 1.1190 in extension.

Alternative scenario: above 1.1260 look for further upside with 1.1275 & 1.1300 as targets.

Comment: the RSI shows downside momentum.

Our preference: long positions above 0.9940 with targets at 0.9965 & 0.9985 in extension.

Alternative scenario: below 0.9940 look for further downside with 0.9920 & 0.9905 as targets.

Comment: the RSI shows upside momentum.

Our preference: short positions below 110.40 with targets at 110.00 & 109.70 in extension.

Alternative scenario: above 110.40 look for further upside with 110.55 & 110.70 as targets.

Comment: the RSI lacks upward momentum.

Our preference: short positions below 1.3180 with targets at 1.3080 & 1.3035 in extension.

Alternative scenario: above 1.3180 look for further upside with 1.3200 & 1.3240 as targets.

Comment: the RSI shows downside momentum.

Our preference: long positions above 0.7075 with targets at 0.7100 & 0.7110 in extension.

Alternative scenario: below 0.7075 look for further downside with 0.7065 & 0.7055 as targets.

Comment: the RSI lacks downward momentum.

Our preference: long positions above 1.3395 with targets at 1.3460 & 1.3480 in extension.

Alternative scenario: below 1.3395 look for further downside with 1.3370 & 1.3350 as targets.

Comment: the RSI shows upside momentum.

Our preference: short positions below 1308.50 with targets at 1303.00 & 1300.00 in extension.

Alternative scenario: above 1308.50 look for further upside with 1312.50 & 1316.50 as targets.

Comment: the RSI is bearish and calls for further downside.

Our preference: short positions below 58.85 with targets at 58.15 & 58.00 in extension.

Alternative scenario: above 58.85 look for further upside with 59.30 & 59.55 as targets.

Comment: the RSI calls for a new downleg.