Sample Category Title

Pivot (invalidation): 113.20

Our preference Short positions below 113.20 with targets at 112.85 & 112.60 in extension.

Alternative scenario Above 113.20 look for further upside with 113.40 & 113.55 as targets.

Comment The break below 113.20 is a negative signal that has opened a path to 112.85.

Pivot (invalidation): 1.2600

Our preference Short positions below 1.2600 with targets at 1.2540 & 1.2505 in extension.

Alternative scenario Above 1.2600 look for further upside with 1.2650 & 1.2690 as targets.

Comment The upward potential is likely to be limited by the resistance at 1.2600.

Pivot (invalidation): 1.1380

Our preference Short positions below 1.1380 with targets at 1.1350 & 1.1335 in extension.

Alternative scenario Above 1.1380 look for further upside with 1.1400 & 1.1425 as targets.

Comment Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Pivot (invalidation): 5.3050

Our preference Long positions above 5.3050 with targets at 5.3500 & 5.3750 in extension.

Alternative scenario Below 5.3050 look for further downside with 5.2680 & 5.2300 as targets.

Comment The RSI lacks downward momentum.

Pivot (invalidation): 0.7225

Our preference Short positions below 0.7225 with targets at 0.7175 & 0.7140 in extension.

Alternative scenario Above 0.7225 look for further upside with 0.7245 & 0.7275 as targets.

Comment The upward potential is likely to be limited by the resistance at 0.7225.

Sterling recovers mildly today as UK Prime Minister Theresa May starts her quick EU tour. May will meet Dutch Prime Minister Mark Rutte, German Chancellor Angela Merkel and then European Council President Donald Tusk and European Commission President Jean-Claude Juncker, to seek last minute changes to the Brexit agreement, to get it through her own parliament. May will meet Tusk and Juncker at 1600GMT.

Andrea Leadsom, leader of Commons, said in a radio interview that "the EU is always in a position where it negotiates at the last possible moment." And she emphasized that "if we want to avoid a no-deal Brexit next March we need to go back to the drawing board to ensure that the UK parliament has that democratic capability that it is demanding."

Irish Foreign Minister Simon Coveney said the the wording of the withdrawal agreement would not change "at all". But he hoped that EU could provide the assurance May needs regarding the backstop. But at the same time, he added that "we are now actively, not only preparing for that, but taking actions to ensure that if necessary we will be ready on March 29 for Britain to leave the EU without a deal."

Pivot (invalidation): 1.3345

Our preference Long positions above 1.3345 with targets at 1.3440 & 1.3480 in extension.

Alternative scenario Below 1.3345 look for further downside with 1.3295 & 1.3245 as targets.

Comment The break above 1.3345 is a positive signal that has opened a path to 1.3440.

Pivot (invalidation): 0.9880

Our preference Long positions above 0.9880 with targets at 0.9905 & 0.9920 in extension.

Alternative scenario Below 0.9880 look for further downside with 0.9865 & 0.9850 as targets.

Comment A support base at 0.9880 has formed and has allowed for a temporary stabilisation.

Pivot (invalidation): 2582.00

Our preference Long positions above 2582.00 with targets at 2682.00 & 2708.00 in extension.

Alternative scenario Below 2582.00 look for further downside with 2555.00 & 2525.00 as targets.

Comment The RSI is bullish and calls for further upside.

Pivot (invalidation): 10790.00

Our preference Short positions below 10790.00 with targets at 10490.00 & 10340.00 in extension.

Alternative scenario Above 10790.00 look for further upside with 10940.00 & 11050.00 as targets.

Comment The RSI advocates for further decline.