Daily Technical Analysis – April 25, 2016

Our preference: short positions below 1.1270 with targets @ 1.1215 & 1.1180 in extension.

Alternative scenario: above 1.1270 look for further upside with 1.1310 & 1.1345 as targets.

Comment: as long as the resistance at 1.1270 is not surpassed, the risk of the break below 1.1215 remains high.

Our preference: long positions above 1.4365 with targets @ 1.4505 & 1.4570 in extension.

Alternative scenario: below 1.4365 look for further downside with 1.4315 & 1.4285 as targets.

Comment: the RSI is well directed.

Our preference: long positions above 0.9725 with targets @ 0.9800 & 0.9845 in extension.

Alternative scenario: below 0.9725 look for further downside with 0.9695 & 0.9645 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Our preference: long positions above 110.75 with targets @ 111.80 & 112.45 in extension.

Alternative scenario: below 110.75 look for further downside with 110.25 & 109.90 as targets.

Comment: the RSI is mixed to bullish.