Daily Technical Analysis – 21 November, 2017

Our preference: short positions below 1.1770 with targets at 1.1685 & 1.1650 in extension.

Alternative scenario: above 1.1770 look for further upside with 1.1810 & 1.1850 as targets.

Comment: the RSI shows downside momentum.

Our preference: long positions above 0.9900 with targets at 0.9960 & 0.9980 in extension.

Alternative scenario: below 0.9900 look for further downside with 0.9875 & 0.9850 as targets.

Comment: the RSI shows upside momentum.

Our preference: long positions above 112.20 with targets at 112.75 & 113.00 in extension.

Alternative scenario: below 112.20 look for further downside with 111.90 & 111.60 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Our preference: long positions above 1.3220 with targets at 1.3280 & 1.3300 in extension.

Alternative scenario: below 1.3220 look for further downside with 1.3200 & 1.3180 as targets.

Comment: the RSI is mixed to bullish.

Our preference: long positions above 0.7540 with targets at 0.7590 & 0.7610 in extension.

Alternative scenario: below 0.7540 look for further downside with 0.7530 & 0.7510 as targets.

Comment: the RSI shows upside momentum.

Our preference: long positions above 1.2780 with targets at 1.2840 & 1.2875 in extension.

Alternative scenario: below 1.2780 look for further downside with 1.2755 & 1.2735 as targets.

Comment: the RSI lacks downward momentum.

Our preference: short positions below 1285.00 with targets at 1274.00 & 1271.50 in extension.

Alternative scenario: above 1285.00 look for further upside with 1290.00 & 1293.50 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1285.00.

Our preference: long positions above 56.25 with targets at 56.95 & 57.20 in extension.

Alternative scenario: below 56.25 look for further downside with 55.95 & 55.75 as targets.

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