Daily Technical Analysis – June 15, 2016

Our preference: short positions below 1.1250 with targets @ 1.1185 & 1.1160 in extension.

Alternative scenario: above 1.1250 look for further upside with 1.1280 & 1.1305 as targets.

Comment: a break below 1.1185 would trigger a drop towards 1.1160.

Our preference: long positions above 1.4085 with targets @ 1.4285 & 1.4360 in extension.

Alternative scenario: below 1.4085 look for further downside with 1.4050 & 1.4005 as targets.

Comment: the RSI advocates for further advance.

Our preference: long positions above 0.9605 with targets @ 0.9670 & 0.9690 in extension.

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

Comment: the RSI lacks downward momentum.

Our preference: short positions below 106.40 with targets @ 105.65 & 105.30 in extension.

Alternative scenario: above 106.40 look for further upside with 106.65 & 107.20 as targets.

Comment: the RSI lacks upward momentum.