Daily Technical Analysis – 4 April, 2017

Our preference: short positions below 1.0680 with targets at 1.0630 & 1.0600 in extension.

Alternative scenario: above 1.0680 look for further upside with 1.0705 & 1.0740 as targets.

Comment: the RSI shows downside momentum.

Our preference: short positions below 1.2495 with targets at 1.2395 & 1.2370 in extension.

Alternative scenario: above 1.2495 look for further upside with 1.2515 & 1.2555 as targets.

Comment: The pair has broken below a rising trend line and remains within a bearish channel.

Our preference: long positions above 0.9990 with targets at 1.0055 & 1.0090 in extension.

Alternative scenario: below 0.9990 look for further downside with 0.9950 & 0.9910 as targets.

Comment: the RSI is mixed to bullish.

Our preference: short positions below 110.75 with targets at 110.25 & 110.05 in extension.

Alternative scenario: above 110.75 look for further upside with 111.00 & 111.25 as targets.

Comment: the RSI is mixed to bearish.