Daily Technical Analysis and Forex tips 17 Feb 2016

Daily Technical Analysis and Forex tips 17 Feb 2016
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Our financial experts share their bits of knowledge on key business sector patterns and indicators. Take after the day by day specialized investigations to get an edge in trading in forex. Read forex tips of 17 Feb 2016

EUR/USD Intraday: the downside prevails

Our preference for short positions below 1.1185 with targets at 1.1085 & 1.1040 in extension. Alternative scenario is above 1.1185 look for further upside with 1.1210 & 1.1260 as targets.

GBP/USD Intraday: under pressure

Our preference is short positions below 1.4350 with targets at 1.4240 & 1.4205 in extension. Alternative scenario is above 1.4350 look for further upside with 1.4400 & 1.4465 as targets.

USD/CHF Intraday: bullish bias above 0.9840

Our preference long positions above 0.9840 with targets at 0.9940 & 0.9985 in extension. Alternative scenario is below 0.9840 look for further downside with 0.9785 & 0.9750 as targets.

USD/JPY Intraday: caution

Our preference is short positions below 114.40 with targets at 113.55 & 113.00 in extension. Alternative scenario is above 114.40 look for further upside with 114.90 & 115.25 as targets.

USD/CAD Intraday: under pressure

Our preference short positions below 1.3900 with targets at 1.3705 & 1.3640 in extension. Alternative scenario is above 1.3900 look for further upside with 1.3935 & 1.3965 as targets.

AUD/USD Intraday: the upside prevails

Our preference long positions above 0.7080 with targets at 0.7150 & 0.7180 in extension. Alternative scenario is below 0.7080 look for further downside with 0.7060 & 0.7025 as targets.

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