Daily Technical Analysis – 10 Mar, 2017

Our preference: long positions above 1.0570 with targets at 1.0640 & 1.0665 in extension.

Alternative scenario: below 1.0570 look for further downside with 1.0545 & 1.0525 as targets.

Comment: the RSI shows upside momentum.

Our preference: short positions below 1.2195 with targets at 1.2135 & 1.2110 in extension.

Alternative scenario: above 1.2195 look for further upside with 1.2220 & 1.2250 as targets.

Comment: as long as 1.2195 is resistance, look for choppy price action with a bearish bias.

Our preference: long positions above 1.0105 with targets at 1.0140 & 1.0160 in extension.

Alternative scenario: below 1.0105 look for further downside with 1.0090 & 1.0075 as targets.

Comment: the RSI is mixed to bullish.

Our preference: long positions above 115.00 with targets at 115.70 & 116.00 in extension.

Alternative scenario: below 115.00 look for further downside with 114.60 & 114.25 as targets.

Comment: the RSI shows upside momentum.