Daily Technical Analysis – 21 Feb, 2017

Our preference: short positions below 1.0575 with targets at 1.0520 & 1.0490 in extension.

Alternative scenario: above 1.0575 look for further upside with 1.0590 & 1.0605 as targets.

Comment: the RSI shows downside momentum.

Our preference: short positions below 1.2460 with targets at 1.2385 & 1.2345 in extension.

Alternative scenario: above 1.2460 look for further upside with 1.2485 & 1.2500 as targets.

Comment: the RSI is bearish and calls for further decline.

Our preference: long positions above 1.0045 with targets at 1.0120 & 1.0135 in extension.

Alternative scenario: below 1.0045 look for further downside with 1.0015 & 1.0000 as targets.

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

Our preference: long positions above 113.20 with targets at 113.80 & 114.30 in extension.

Alternative scenario: below 113.20 look for further downside with 113.00 & 112.70 as targets.

Comment: the RSI shows upside momentum.