Daily Technical Analysis – 3 April, 2017

Our preference: short positions below 1.0680 with targets at 1.0630 & 1.0600 in extension.

Alternative scenario: above 1.0680 look for further upside with 1.0705 & 1.0740 as targets.

Comment: the RSI shows downside momentum.

Our preference: short positions below 1.2560 with targets at 1.2455 & 1.2430 in extension.

Alternative scenario: above 1.2560 look for further upside with 1.2595 & 1.2620 as targets.

Comment: the RSI shows downside momentum.

Our preference: long positions above 0.9990 with targets at 1.0035 & 1.0055 in extension.

Alternative scenario: below 0.9990 look for further downside with 0.9950 & 0.9910 as targets.

Comment: a support base at 0.9990 has formed and has allowed for a temporary stabilisation.

Our preference: short positions below 111.70 with targets at 111.15 & 110.95 in extension.

Alternative scenario: above 111.70 look for further upside with 111.95 & 112.15 as targets.

Comment: the RSI is mixed to bearish.