Preferred view is for a fall to 1.0713 - 1.0691 while 1.0747 - 1.0760 area resists. A clear break of 1.0803 would be bullish.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.0690
  • Entry Point1.0734
  • Trendline 11.0738
  • Trendline 21.0745
  • Elliott1.0778
  • Closing1.0717
  • Ex-Low1.0709
  • Ex-High1.0778
  • Projection1.0670

Supports and Resistance levels

  • Support 11.0691
  • Support 21.0666
  • Resistance 11.0760
  • Resistance 21.0803
  • Pivot1.0734

While below 1.0620 it might drop to 1.0562 or below 1.0512 zone.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.0613
  • Entry Point1.0575
  • Trendline 11.0572
  • Trendline 21.0666
  • Elliott1.0905
  • Closing1.0611
  • Ex-Low1.0570
  • Ex-High1.0677
  • Projection1.0494

Supports and Resistance levels

  • Support 11.0562
  • Support 21.0512
  • Resistance 11.0669
  • Resistance 21.0727
  • Pivot1.0620

While above 1.0573 - 1.0463 zone a corrective upmove could test 1.0779 or 1.0873. After which it should resume its downtrend.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point1.0619
  • Entry Point1.0583
  • Trendline 11.0571
  • Trendline 21.0572
  • Elliott1.0341
  • Closing1.0652
  • Ex-Low1.0495
  • Ex-High1.0905
  • Projection1.0933

Supports and Resistance levels

  • Support 11.0463
  • Support 21.0274
  • Resistance 11.0873
  • Resistance 21.1095
  • Pivot1.0684