Daily Technical Analysis – 14 August, 2017

Our preference: long positions above 1.1785 with targets at 1.1815 & 1.1850 in extension.

Alternative scenario: below 1.1785 look for further downside with 1.1745 & 1.1710 as targets.

Comment: the RSI lacks downward momentum.

Our preference: short positions below 1.3035 with targets at 1.2955 & 1.2935 in extension.

Alternative scenario: above 1.3035 look for further upside with 1.3055 & 1.3080 as targets.

Comment: the RSI shows downside momentum.

Our preference: long positions above 0.9605 with targets at 0.9705 & 0.9735 in extension.

Alternative scenario: below 0.9605 look for further downside with 0.9580 & 0.9550 as targets.

Comment: the RSI shows upside momentum.

Our preference: long positions above 109.25 with targets at 110.00 & 110.30 in extension.

Alternative scenario: below 109.25 look for further downside with 108.85 & 108.60 as targets.

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