A corrective rise should ideally test 0.8733 or even higher than 0.8797. Supports are at 0.8575. Stop loss below 0.8601 zone.

Technical Forecast

  • Elliott Wave

    correction zigzag

Key Points

  • Key Point0.8622
  • Entry Point0.8693
  • Trendline 10.8659
  • Trendline 20.8747
  • Elliott0.8764
  • Closing0.8668
  • Ex-Low0.8665
  • Ex-High0.8764
  • Projection0.8570

Supports and Resistance levels

  • Support 10.8634
  • Support 20.8601
  • Resistance 10.8733
  • Resistance 20.8797
  • Pivot0.8699

It should trade lower to 0.8488. Resistances are at 0.8627 and 0.8678. A break of 0.8766 is bullish, confirmed by a close above 0.8688.

Technical Forecast

  • Elliott Wave

    flat correction up

Key Points

  • Key Point0.8632
  • Entry Point0.8541
  • Trendline 10.8590
  • Trendline 20.8523
  • Elliott0.8450
  • Closing0.8576
  • Ex-Low0.8450
  • Ex-High0.8590
  • Projection0.8656

Supports and Resistance levels

  • Support 10.8488
  • Support 20.8399
  • Resistance 10.8627
  • Resistance 20.8678
  • Pivot0.8539

It should test 0.8613 area after which a sell off down to 0.8334 or extended to 0.8144 area is expected.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point0.8569
  • Entry Point0.8342
  • Trendline 10.8523
  • Trendline 20.8264
  • Elliott0.9513
  • Closing0.8525
  • Ex-Low0.8305
  • Ex-High0.8656
  • Projection0.8334

Supports and Resistance levels

  • Support 10.8334
  • Support 20.8144
  • Resistance 10.8686
  • Resistance 20.8847
  • Pivot0.8495