Our preference: long positions above 1.1670 with targets at 1.1720 & 1.1745 in extension.

Alternative scenario: below 1.1670 look for further downside with 1.1645 & 1.1615 as targets.

Comment: a support base at 1.1670 has formed and has allowed for a temporary stabilisation.

Our preference: short positions below 0.9895 with targets at 0.9840 & 0.9825 in extension.

Alternative scenario: above 0.9895 look for further upside with 0.9915 & 0.9935 as targets.

Comment: the RSI shows downside momentum.

Our preference: long positions above 109.60 with targets at 110.00 & 110.20 in extension.

Alternative scenario: below 109.60 look for further downside with 109.35 & 109.00 as targets.

Comment: the RSI lacks downward momentum.

Our preference: long positions above 1.3330 with targets at 1.3395 & 1.3440 in extension.

Alternative scenario: below 1.3330 look for further downside with 1.3295 & 1.3275 as targets.

Comment: the RSI shows upside momentum.

Our preference: short positions below 0.7670 with targets at 0.7590 & 0.7555 in extension.

Alternative scenario: above 0.7670 look for further upside with 0.7710 & 0.7750 as targets.

Comment: the RSI shows downside momentum.

Our preference: long positions above 1.2895 with targets at 1.3010 & 1.3045 in extension.

Alternative scenario: below 1.2895 look for further downside with 1.2855 & 1.2815 as targets.

Comment: the RSI shows upside momentum.

Our preference: short positions below 1297.50 with targets at 1289.00 & 1286.00 in extension.

Alternative scenario: above 1297.50 look for further upside with 1300.00 & 1303.00 as targets.

Comment: the RSI is mixed with a bearish bias.

Our preference: short @ 64.90 with targets @ 64.15 & 63.60 in extension.

Alternative scenario: above 65.25 look for further upside with 66.00 & 66.65 as targets.

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