Daily Technical Analysis – 9 June, 2017

Our preference: short positions below 1.1230 with targets at 1.1160 & 1.1135 in extension.

Alternative scenario: above 1.1230 look for further upside with 1.1250 & 1.1270 as targets.

Comment: the RSI is mixed to bearish.

Our preference: short positions below 1.2825 with targets at 1.2690 & 1.2635 in extension.

Alternative scenario: above 1.2825 look for further upside with 1.2860 & 1.2920 as targets.

Comment: the RSI lacks upward momentum.

Our preference: long positions above 0.9670 with targets at 0.9730 & 0.9760 in extension.

Alternative scenario: below 0.9670 look for further downside with 0.9635 & 0.9610 as targets.

Comment: the RSI shows upside momentum.

Our preference: long positions above 109.90 with targets at 110.80 & 111.10 in extension.

Alternative scenario: below 109.90 look for further downside with 109.65 & 109.35 as targets.

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