Our preference: short positions below 1.0985 with targets @ 1.09 & 1.0875 in extension.
Alternative scenario: above 1.0985 look for further upside with 1.1015 & 1.105 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Our preference: long positions above 0.984 with targets @ 0.995 & 0.9985 in extension.
Alternative scenario: below 0.984 look for further downside with 0.9785 & 0.975 as targets.
Comment: the RSI is mixed to bullish.
Our preference: short positions below 1.5135 with targets @ 1.5025 & 1.499 in extension.
Alternative scenario: above 1.5135 look for further upside with 1.518 & 1.5205 as targets.
Comment: the RSI is mixed to bearish.
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