Pivot (invalidation): 1.1670
Our preference Short positions below 1.1670 with targets at 1.1650 & 1.1635 in extension.
Alternative scenario Above 1.1670 look for further upside with 1.1700 & 1.1720 as targets.
Comment A break below 1.1650 would trigger a drop towards 1.1635.
Pivot (invalidation): 1.3140
Our preference Short positions below 1.3140 with targets at 1.3080 & 1.3050 in extension.
Alternative scenario Above 1.3140 look for further upside with 1.3170 & 1.3190 as targets.
Comment The RSI calls for a new downleg.
Pivot (invalidation): 111.75
Our preference Short positions below 111.75 with targets at 111.35 & 111.15 in extension.
Alternative scenario Above 111.75 look for further upside with 112.00 & 112.15 as targets.
Comment The index currently faces a challenging resistance area at 111.75.
Pivot (invalidation): 0.9910
Our preference Long positions above 0.9910 with targets at 0.9935 & 0.9955 in extension.
Alternative scenario Below 0.9910 look for further downside with 0.9885 & 0.9865 as targets.
Comment The RSI calls for a new upleg.
Pivot (invalidation): 1.3015
Our preference Short positions below 1.3015 with targets at 1.2980 & 1.2960 in extension.
Alternative scenario Above 1.3015 look for further upside with 1.3035 & 1.3055 as targets.
Comment The upward potential is likely to be limited by the resistance at 1.3015.
Pivot (invalidation): 0.7410
Our preference Short positions below 0.7410 with targets at 0.7380 & 0.7370 in extension.
Alternative scenario Above 0.7410 look for further upside with 0.7420 & 0.7430 as targets.
Pivot (invalidation): 68.40
Our preference Short positions below 68.40 with targets at 67.60 & 67.30 in extension.
Alternative scenario Above 68.40 look for further upside with 68.80 & 69.15 as targets.
Comment The RSI is mixed with a bearish bias.
Pivot (invalidation): 15.4800
Our preference Short positions below 15.4800 with targets at 15.3700 & 15.3000 in extension.
Alternative scenario Above 15.4800 look for further upside with 15.5400 & 15.6100 as targets.
Comment A break below 15.3700 would trigger a drop towards 15.3000.
Pivot (invalidation): 1222.00
Our preference Short positions below 1222.00 with targets at 1217.00 & 1213.50 in extension.
Alternative scenario Above 1222.00 look for further upside with 1225.00 & 1228.50 as targets.
Pivot (invalidation): 1.1580
Our preference Short positions below 1.1580 with targets at 1.1555 & 1.1540 in extension.
Alternative scenario Above 1.1580 look for further upside with 1.1600 & 1.1620 as targets.
Comment As Long as 1.1580 is resistance, likely decline to 1.1555.