Our preference: short positions below 1.1290 with targets at 1.1230 & 1.1210 in extension.

Alternative scenario: above 1.1290 look for further upside with 1.1305 & 1.1325 as targets.

Comment: the RSI shows downside momentum.

Our preference: short positions below 0.9930 with targets at 0.9900 & 0.9870 in extension.

Alternative scenario: above 0.9930 look for further upside with 0.9950 & 0.9970 as targets.

Comment: as long as the resistance at 0.9930 is not surpassed, the risk of the break below 0.9900 remains high.

Our preference: long positions above 107.95 with targets at 108.45 & 108.70 in extension.

Alternative scenario: below 107.95 look for further downside with 107.80 & 107.55 as targets.

Comment: the RSI shows upside momentum.

Our preference: long positions above 1.2690 with targets at 1.2725 & 1.2740 in extension.

Alternative scenario: below 1.2690 look for further downside with 1.2670 & 1.2650 as targets.

Comment: the RSI lacks downward momentum.

Our preference: short positions below 0.7010 with targets at 0.6970 & 0.6955 in extension.

Alternative scenario: above 0.7010 look for further upside with 0.7025 & 0.7050 as targets.

Comment: the RSI shows downside momentum.

Our preference: short positions below 1.3410 with targets at 1.3350 & 1.3330 in extension.

Alternative scenario: above 1.3410 look for further upside with 1.3450 & 1.3480 as targets.

Comment: the RSI lacks upward momentum.

Our preference: long positions above 1324.00 with targets at 1339.00 & 1347.00 in extension.

Alternative scenario: below 1324.00 look for further downside with 1320.00 & 1315.00 as targets.

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

Our preference: long positions above 52.50 with targets at 53.40 & 53.75 in extension.

Alternative scenario: below 52.50 look for further downside with 52.10 & 51.60 as targets.

Comment: a support base at 52.50 has formed and has allowed for a temporary stabilisation.