Daily Technical Analysis – April 4, 2016

Our preference: short positions below 1.1415 with targets @ 1.1340 & 1.1310 in extension.

Alternative scenario: above 1.1415 look for further upside with 1.1435 & 1.1465 as targets.

Comment: the RSI is badly directed.

Our preference: short positions below 1.4275 with targets @ 1.4170 & 1.4140 in extension.

Alternative scenario: above 1.4275 look for further upside with 1.4325 & 1.4375 as targets.

Comment: the RSI lacks upward momentum.

Our preference: short positions below 0.9625 with targets @ 0.9550 & 0.9525 in extension.

Alternative scenario: above 0.9625 look for further upside with 0.9650 & 0.9675 as targets.

Comment: a break below 0.9550 would trigger a drop towards 0.9525.

Our preference: short positions below 112.00 with targets @ 111.25 & 111.00 in extension.

Alternative scenario: above 112.00 look for further upside with 112.45 & 112.65 as targets.

Comment: the RSI lacks upward momentum.