Daily Technical Analysis – March 21, 2016

Our preference: short positions below 1.1305 with targets @ 1.1230 & 1.1200 in extension.

Alternative scenario: above 1.1305 look for further upside with 1.1345 & 1.1375 as targets.

Comment: the RSI lacks upward momentum.

Our preference: short positions below 1.4465 with targets @ 1.4330 & 1.4290 in extension.

Alternative scenario: above 1.4465 look for further upside with 1.4520 & 1.4610 as targets.

Comment: the RSI is badly directed.

Our preference: short positions below 0.9745 with targets @ 0.9650 & 0.9610 in extension.

Alternative scenario: above 0.9745 look for further upside with 0.9790 & 0.9845 as targets.

Comment: as long as the resistance at 0.9745 is not surpassed, the risk of the break below 0.9650 remains high.

Our preference: short positions below 111.95 with targets @ 111.00 & 110.60 in extension.

Alternative scenario: above 111.95 look for further upside with 112.30 & 113.05 as targets.

Comment: the RSI lacks upward momentum.