Our preference: long @ 1.1659 with targets @ 1.1680 & 1.1700 in extension.

Alternative scenario: below 1.1645 look for further downside with 1.1620 & 1.1590 as targets.

Comment: the RSI is bullish and calls for further upside. The pair is supported by an intraday rising trend line.

Our preference: short positions below 0.9950 with targets at 0.9910 & 0.9895 in extension.

Alternative scenario: above 0.9950 look for further upside with 0.9965 & 0.9980 as targets.

Comment: as long as the resistance at 0.9950 is not surpassed, the risk of the break below 0.9910 remains high.

Our preference: long positions above 110.75 with targets at 111.15 & 111.40 in extension.

Alternative scenario: below 110.75 look for further downside with 110.55 & 110.35 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. The pair is supported by a rising trend line in place since June 26 bottom.

Our preference: long positions above 1.3145 with targets at 1.3210 & 1.3250 in extension.

Alternative scenario: below 1.3145 look for further downside with 1.3120 & 1.3095 as targets.

Comment: the RSI broke above a declining trend line.

Our preference: long positions above 0.7370 with targets at 0.7410 & 0.7430 in extension.

Alternative scenario: below 0.7370 look for further downside with 0.7350 & 0.7330 as targets.

Comment: the RSI is bullish and calls for further upside.

Our preference: short positions below 1.3180 with targets at 1.3125 & 1.3095 in extension.

Alternative scenario: above 1.3180 look for further upside with 1.3205 & 1.3225 as targets.

Comment: the break below 1.3180 is a negative signal that has opened a path to 1.3125.

Our preference: long positions above 1239.50 with targets at 1247.50 & 1250.50 in extension.

Alternative scenario: below 1239.50 look for further downside with 1237.50 & 1235.50 as targets.

Comment: the RSI shows upside momentum.

Our preference: long positions above 73.75 with targets at 75.45 & 76.00 in extension.

Alternative scenario: below 73.75 look for further downside with 73.00 & 72.60 as targets.

Comment: the RSI is bullish and calls for further advance.