Pivot: 1.1020
Most Likely Scenario: short positions below 1.1020 with targets at 1.0950 & 1.0910 in extension.
Alternative scenario: above 1.1020 look for further upside with 1.1060 & 1.1100 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Pivot: 1.2225
Most Likely Scenario: short positions below 1.2225 with targets at 1.2130 & 1.2085 in extension.
Alternative scenario: above 1.2225 look for further upside with 1.2275 & 1.2320 as targets.
Comment: as long as the resistance at 1.2225 is not surpassed, the risk of the break below 1.2130 remains high.
Pivot: 103.75
Most Likely Scenario: long positions above 103.75 with targets at 104.65 & 105.00 in extension.
Alternative scenario: below 103.75 look for further downside with 103.30 & 103.15 as targets.
Comment: a support base at 103.75 has formed and has allowed for a temporary stabilisation.
Pivot: 0.7620
Most Likely Scenario: short positions below 0.7620 with targets at 0.7555 & 0.7535 in extension.
Alternative scenario: above 0.7620 look for further upside with 0.7645 & 0.7670 as targets.
Comment: the RSI is mixed and calls for caution.
Pivot: 1262.50
Most Likely Scenario: short positions below 1262.50 with targets at 1245.00 & 1241.00 in extension.
Alternative scenario: above 1262.50 look for further upside with 1269.00 & 1277.00 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Pivot: 51.10
Most Likely Scenario: short positions below 51.10 with targets at 49.60 & 49.35 in extension.
Alternative scenario: above 51.10 look for further upside with 51.60 & 51.86 as targets.
Comment: the RSI is below its neutrality area at 50%