Daily Technical Analysis – 25 April, 2017

Our preference: long positions above 1.0845 with targets at 1.0900 & 1.0945 in extension.

Alternative scenario: below 1.0845 look for further downside with 1.0820 & 1.0780 as targets.

Comment: the RSI is mixed to bullish.

Our preference: long positions above 1.2765 with targets at 1.2835 & 1.2860 in extension.

Alternative scenario: below 1.2765 look for further downside with 1.2735 & 1.2675 as targets.

Comment: the RSI shows upside momentum.

Our preference: short positions below 0.9975 with targets at 0.9925 & 0.9910 in extension.

Alternative scenario: above 0.9975 look for further upside with 1.0000 & 1.0025 as targets.

Comment: the upward potential is likely to be limited by the resistance at 0.9975.

Our preference: long positions above 109.95 with targets at 110.65 & 111.00 in extension.

Alternative scenario: below 109.95 look for further downside with 109.60 & 109.40 as targets.

Comment: the RSI shows upside momentum.