Daily Technical Analysis – 3 July, 2017

Our preference: short positions below 1.1400 with targets at 1.1350 & 1.1325 in extension.

Alternative scenario: above 1.1400 look for further upside with 1.1430 & 1.1445 as targets.

Comment: the break below 1.1400 is a negative signal that has opened a path to 1.1350.

Our preference: short positions below 1.2980 with targets at 1.2910 & 1.2860 in extension.

Alternative scenario: above 1.2980 look for further upside with 1.3030 & 1.3075 as targets.

Comment: the break below 1.2980 is a negative signal that has opened a path to 1.2910.

Our preference: long positions above 0.9600 with targets at 0.9630 & 0.9660 in extension.

Alternative scenario: below 0.9600 look for further downside with 0.9580 & 0.9565 as targets.

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

Our preference: long positions above 112.60 with targets at 113.20 & 113.70 in extension.

Alternative scenario: below 112.60 look for further downside with 112.40 & 112.15 as targets.

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