Daily Technical Analysis – 17 November, 2017

Our preference: long positions above 1.1760 with targets at 1.1825 & 1.1860 in extension.

Alternative scenario: below 1.1760 look for further downside with 1.1725 & 1.1700 as targets.

Comment: the RSI is mixed to bullish.

Our preference: short positions below 0.9945 with targets at 0.9895 & 0.9875 in extension.

Alternative scenario: above 0.9945 look for further upside with 0.9970 & 0.9990 as targets.

Comment: the RSI is mixed to bearish.

Our preference: short positions below 113.00 with targets at 112.15 & 111.90 in extension.

Alternative scenario: above 113.00 look for further upside with 113.30 & 113.55 as targets.

Comment: the RSI is mixed to bearish.

Our preference: short positions below 1.3255 with targets at 1.3175 & 1.3135 in extension.

Alternative scenario: above 1.3255 look for further upside with 1.3275 & 1.3300 as targets.

Comment: the RSI shows downside momentum.

Our preference: short positions below 0.7580 with targets at 0.7525 & 0.7490 in extension.

Alternative scenario: above 0.7580 look for further upside with 0.7605 & 0.7630 as targets.

Comment: the RSI shows downside momentum.

Our preference: long positions above 1.2710 with targets at 1.2775 & 1.2790 in extension.

Alternative scenario: below 1.2710 look for further downside with 1.2695 & 1.2675 as targets.

Comment: the RSI shows upside momentum.

Our preference: long positions above 1277.00 with targets at 1286.50 & 1289.50 in extension.

Alternative scenario: below 1277.00 look for further downside with 1273.00 & 1270.00 as targets.

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

Our preference: short positions below 55.48 with targets at 55.00 & 54.80 in extension.

Alternative scenario: above 55.48 look for further upside with 55.80 & 56.05 as targets.

Comment: the RSI is mixed and calls for caution.