Daily Technical Analysis – 8 June, 2017

Our preference: short positions below 1.1270 with targets at 1.1220 & 1.1205 in extension.

Alternative scenario: above 1.1270 look for further upside with 1.1285 & 1.1305 as targets.

Comment: the RSI shows downside momentum.

Our preference: long positions above 1.2920 with targets at 1.2980 & 1.2995 in extension.

Alternative scenario: below 1.2920 look for further downside with 1.2895 & 1.2875 as targets.

Comment: the RSI is mixed to bullish.

Our preference: long positions above 0.9610 with targets at 0.9675 & 0.9720 in extension.

Alternative scenario: below 0.9610 look for further downside with 0.9575 & 0.9535 as targets.

Comment: the RSI is supported by a rising trend line.

Our preference: long positions above 109.35 with targets at 110.35 & 110.80 in extension.

Alternative scenario: below 109.35 look for further downside with 109.15 & 108.70 as targets.

Comment: the RSI shows upside momentum.