Daily Technical Analysis – 4 July, 2017

Our preference: short positions below 1.1375 with targets at 1.1325 & 1.1290 in extension.

Alternative scenario: above 1.1375 look for further upside with 1.1405 & 1.1425 as targets.

Comment: the RSI is capped by a bearish trend line.

Our preference: short positions below 1.2960 with targets at 1.2910 & 1.2860 in extension.

Alternative scenario: above 1.2960 look for further upside with 1.2990 & 1.3030 as targets.

Comment: the RSI is capped by a bearish trend line.

Our preference: long positions above 0.9610 with targets at 0.9660 & 0.9685 in extension.

Alternative scenario: below 0.9610 look for further downside with 0.9580 & 0.9565 as targets.

Comment: the break above 0.9610 is a positive signal that has opened a path to 0.9660.

Our preference: long positions above 112.80 with targets at 113.45 & 113.70 in extension.

Alternative scenario: below 112.80 look for further downside with 112.40 & 112.15 as targets.

Comment: the break above 112.80 is a positive signal that has opened a path to 113.45.