Daily Technical Analysis – May 25, 2016

Our preference: short positions below 1.1190 with targets @ 1.1120 & 1.1080 in extension.

Alternative scenario: above 1.1190 look for further upside with 1.1230 & 1.1260 as targets.

Comment: as long as the resistance at 1.1190 is not surpassed, the risk of the break below 1.1120 remains high.

Our preference: long positions above 1.4580 with targets @ 1.4695 & 1.4720 in extension.

Alternative scenario: below 1.4580 look for further downside with 1.4550 & 1.4500 as targets.

Comment: the RSI is mixed to bullish.

Our preference: long positions above 0.9885 with targets @ 0.9950 & 0.9980 in extension.

Alternative scenario: below 0.9885 look for further downside with 0.9860 & 0.9830 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Our preference: long positions above 109.80 with targets @ 110.60 & 110.95 in extension.

Alternative scenario: below 109.80 look for further downside with 109.45 & 109.10 as targets.

Comment: the RSI is mixed to bullish.