Daily Technical Analysis – June 13, 2016

Our preference: short positions below 1.1305 with targets @ 1.1220 & 1.1180 in extension.

Alternative scenario: above 1.1305 look for further upside with 1.1350 & 1.1390 as targets.

Comment: a break below 1.1220 would trigger a drop towards 1.1180.

Our preference: short positions below 1.4285 with targets @ 1.4100 & 1.4050 in extension.

Alternative scenario: above 1.4285 look for further upside with 1.4360 & 1.4430 as targets.

Comment: the RSI lacks upward momentum.

Our preference: long positions above 0.9605 with targets @ 0.9660 & 0.9690 in extension.

Alternative scenario: below 0.9605 look for further downside with 0.9570 & 0.9530 as targets.

Comment: the RSI is mixed to bullish.

Our preference: short positions below 106.65 with targets @ 105.50 & 105.00 in extension.

Alternative scenario: above 106.65 look for further upside with 107.20 & 107.45 as targets.

Comment: the RSI is mixed to bearish.