Daily Technical Analysis – February 23, 2016

Our preference: short positions below 1.1065 with targets @ 1.0965 & 1.0935 in extension.

Alternative scenario: above 1.1065 look for further upside with 1.1100 & 1.1140 as targets.

Comment: the RSI is mixed to bearish.

Our preference: short positions below 1.4170 with targets @ 1.4055 & 1.3990 in extension.

Alternative scenario: above 1.4170 look for further upside with 1.4250 & 1.4340 as targets.

Comment: the RSI is mixed to bearish.

Our preference: short positions below 1.0000 with targets @ 0.9920 & 0.9885 in extension.

Alternative scenario: above 1.0000 look for further upside with 1.0030 & 1.0070 as targets.

Comment: the RSI is mixed to bearish.

Our preference: short positions below 112.70 with targets @ 111.65 & 111.00 in extension.

Alternative scenario: above 112.70 look for further upside with 113.35 & 114.00 as targets.

Comment: The pair emerges to the downside after completing a broadening formation.