Daily Technical Analysis – April 27, 2016

Our preference: long positions above 1.1270 with targets @ 1.1340 & 1.1380 in extension.

Alternative scenario: below 1.1270 look for further downside with 1.1245 & 1.1215 as targets.

Comment: the RSI is mixed to bullish.

Our preference: long positions above 1.4520 with targets @ 1.4640 & 1.4670 in extension.

Alternative scenario: below 1.4520 look for further downside with 1.4465 & 1.4410 as targets.

Comment: the RSI is mixed to bullish.

Our preference: short positions below 0.9765 with targets @ 0.9695 & 0.9645 in extension.

Alternative scenario: above 0.9765 look for further upside with 0.9800 & 0.9845 as targets.

Comment: as long as the resistance at 0.9765 is not surpassed, the risk of the break below 0.9695 remains high.

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.