Daily Technical Analysis – April 5, 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 upward potential is likely to be limited by the resistance at 1.1415.

Our preference: short positions below 1.4280 with targets @ 1.4185 & 1.4140 in extension.

Alternative scenario: above 1.4280 look for further upside with 1.4325 & 1.4375 as targets.

Comment: the RSI is badly directed.

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: the RSI lacks upward momentum.

Our preference: short positions below 111.05 with targets @ 110.25 & 109.50 in extension.

Alternative scenario: above 111.05 look for further upside with 111.40 & 111.75 as targets.

Comment: the RSI is mixed to bearish.