Daily Technical Analysis – March 3, 2016

Our preference: long positions above 1.0850 with targets @ 1.0915 & 1.0940 in extension.

Alternative scenario: below 1.0850 look for further downside with 1.0820 & 1.0785 as targets.

Comment: the RSI is well directed.

Our preference: long positions above 1.4020 with targets @ 1.4130 & 1.4160 in extension.

Alternative scenario: below 1.4020 look for further downside with 1.3980 & 1.3910 as targets.

Comment: the RSI lacks downward momentum.

Our preference: long positions above 0.9945 with targets @ 1.0010 & 1.0030 in extension.

Alternative scenario: below 0.9945 look for further downside with 0.9895 & 0.9870 as targets.

Comment: a support base at 0.9945 has formed and has allowed for a temporary stabilisation.

Our preference: long positions above 113.20 with targets @ 114.55 & 114.85 in extension.

Alternative scenario: below 113.20 look for further downside with 112.85 & 112.50 as targets.

Comment: the RSI is well directed.