Our preference: short positions below 1.1460 with targets at 1.1435 & 1.1410 in extension.

Alternative scenario: above 1.1460 look for further upside with 1.1475 & 1.1495 as targets.

Comment: a break below 1.1435 would trigger a drop towards 1.1410.

Our preference: long positions above 0.9960 with targets at 0.9980 & 0.9995 in extension.

Alternative scenario: below 0.9960 look for further downside with 0.9935 & 0.9915 as targets.

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

Our preference: long positions above 109.60 with targets at 110.00 & 110.25 in extension.

Alternative scenario: below 109.60 look for further downside with 109.40 & 109.15 as targets.

Comment: the break above 109.60 is a positive signal that has opened a path to 110.00.

Our preference: short positions below 1.3070 with targets at 1.3015 & 1.2970 in extension.

Alternative scenario: above 1.3070 look for further upside with 1.3100 & 1.3120 as targets.

Comment: the break below 1.3070 is a negative signal that has opened a path to 1.3015. Indeed, the pair validated a Symmetrical Triangle: a bearish continuation pattern calling for further weakness.

Our preference: short positions below 0.7240 with targets at 0.7205 & 0.7180 in extension.

Alternative scenario: above 0.7240 look for further upside with 0.7265 & 0.7280 as targets.

Comment: as long as 0.7240 is resistance, look for choppy price action with a bearish bias.

Our preference: short positions below 1.3110 with targets at 1.3080 & 1.3060 in extension.

Alternative scenario: above 1.3110 look for further upside with 1.3125 & 1.3160 as targets.

Comment: as long as the resistance at 1.3110 is not surpassed, the risk of the break below 1.3080 remains high.

Our preference: short positions below 1316.00 with targets at 1309.00 & 1305.50 in extension.

Alternative scenario: above 1316.00 look for further upside with 1319.50 & 1323.00 as targets.

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

Our preference: long positions above 54.50 with targets at 56.10 & 56.75 in extension.

Alternative scenario: below 54.50 look for further downside with 53.90 & 53.30 as targets.

Comment: the RSI calls for a new upleg.