Daily Technical Analysis – 4 October, 2017

Our preference: long positions above 1.1735 with targets at 1.1780 & 1.1800 in extension.

Alternative scenario: below 1.1735 look for further downside with 1.1715 & 1.1695 as targets.

Comment: the RSI shows upside momentum.

Our preference: short positions below 0.9745 with targets at 0.9700 & 0.9680 in extension.

Alternative scenario: above 0.9745 look for further upside with 0.9765 & 0.9785 as targets.

Comment: as long as 0.9745 is resistance, look for choppy price action with a bearish bias.

Our preference: short positions below 112.75 with targets at 112.30 & 112.05 in extension.

Alternative scenario: above 112.75 look for further upside with 112.95 & 113.20 as targets.

Comment: the RSI shows downside momentum.

Our preference: short positions below 1.3290 with targets at 1.3230 & 1.3205 in extension.

Alternative scenario: above 1.3290 look for further upside with 1.3355 & 1.3400 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1.3290.

Our preference: long positions above 0.7840 with targets at 0.7875 & 0.7890 in extension.

Alternative scenario: below 0.7840 look for further downside with 0.7825 & 0.7800 as targets.

Comment: the RSI is mixed to bullish.

Our preference: short positions below 1.2505 with targets at 1.2445 & 1.2415 in extension.

Alternative scenario: above 1.2505 look for further upside with 1.2540 & 1.2570 as targets.

Comment: the RSI shows downside momentum.

Our preference: long positions above 1272.00 with targets at 1281.00 & 1286.50 in extension.

Alternative scenario: below 1272.00 look for further downside with 1268.00 & 1262.00 as targets.

Comment: the RSI is supported by a rising trend line.

Our preference: short positions below 50.75 with targets at 49.75 & 49.25 in extension.

Alternative scenario: above 50.75 look for further upside with 51.30 & 51.75 as targets.

Comment: the RSI is bearish and calls for further downside.