Daily Technical Analysis – 11 September, 2017

Our preference: short positions below 1.2050 with targets at 1.1985 & 1.1950 in extension.

Alternative scenario: above 1.2050 look for further upside with 1.2095 & 1.2135 as targets.

Comment: as long as 1.2050 is resistance, look for choppy price action with a bearish bias.

Our preference: long positions above 1.3150 with targets at 1.3225 & 1.3280 in extension.

Alternative scenario: below 1.3150 look for further downside with 1.3115 & 1.3060 as targets.

Comment: the RSI shows upside momentum.

Our preference: long positions above 0.9430 with targets at 0.9530 & 0.9570 in extension.

Alternative scenario: below 0.9430 look for further downside with 0.9400 & 0.9370 as targets.

Comment: the RSI shows upside momentum.

Our preference: long positions above 108.05 with targets at 108.70 & 109.00 in extension.

Alternative scenario: below 108.05 look for further downside with 107.80 & 107.30 as targets.

Comment: the RSI shows upside momentum.