It may attempt a test higher to 1.0603 - 1.0652 after which weakness may set it to a drift down to 1.0483 limit.

Technical Forecast

  • Elliott Wave

    irregular flat correction up

Key Points

  • Key Point1.0627
  • Entry Point1.0540
  • Trendline 11.0623
  • Trendline 21.0621
  • Elliott1.0454
  • Closing1.0582
  • Ex-Low1.0454
  • Ex-High1.0623
  • Projection1.0625

Supports and Resistance levels

  • Support 11.0483
  • Support 21.0384
  • Resistance 11.0652
  • Resistance 21.0722
  • Pivot1.0553

It should be subject to more sell off towards 1.0376 or 1.0222. Corrective upward swings should face resistance around 1.0636 area. A break of 1.0768 is bullish.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.0578
  • Entry Point1.0590
  • Trendline 11.0614
  • Trendline 21.0588
  • Elliott1.0639
  • Closing1.0530
  • Ex-Low1.0341
  • Ex-High1.0614
  • Projection1.0462

Supports and Resistance levels

  • Support 11.0376
  • Support 21.0222
  • Resistance 11.0649
  • Resistance 21.0768
  • Pivot1.0495

It is likely to fall towards 1.0441 - 1.0297 as its corrective rally could falter in 1.0702 - 1.0818 area. Stop above 1.1107 zone.

Technical Forecast

  • Elliott Wave

    common flat resistance in downtrend

Key Points

  • Key Point1.0446
  • Entry Point1.0647
  • Trendline 11.1017
  • Trendline 21.0723
  • Elliott1.1366
  • Closing1.0530
  • Ex-Low1.0352
  • Ex-High1.0874
  • Projection1.0240

Supports and Resistance levels

  • Support 11.0297
  • Support 21.0064
  • Resistance 11.0818
  • Resistance 21.1107
  • Pivot1.0585