It may attempt a test higher to 1.0173 - 1.0194 after which weakness may set it to a drift down to below 1.0127 limit.

Technical Forecast

  • Elliott Wave

    irregular flat correction up

Key Points

  • Key Point1.0192
  • Entry Point1.0152
  • Trendline 11.0178
  • Trendline 21.0158
  • Elliott1.0111
  • Closing1.0168
  • Ex-Low1.0111
  • Ex-High1.0178
  • Projection1.0198

Supports and Resistance levels

  • Support 11.0127
  • Support 21.0085
  • Resistance 11.0194
  • Resistance 21.0220
  • Pivot1.0152

Prefer a fall to 1.0132 or 1.0064. Then a correction to 1.0256 is anticipated. A clear break of 0.9951 is again bearish.

Technical Forecast

  • Elliott Wave

    flat correction up

Key Points

  • Key Point1.0142
  • Entry Point1.0117
  • Trendline 11.0087
  • Trendline 21.0107
  • Elliott1.0067
  • Closing1.0176
  • Ex-Low1.0087
  • Ex-High1.0335
  • Projection1.0344

Supports and Resistance levels

  • Support 11.0064
  • Support 20.9951
  • Resistance 11.0312
  • Resistance 21.0448
  • Pivot1.0199

While below 1.0265 - 1.0345 it is more likely to fall further towards 1.0106 or 1.0026. Premature rise above 1.0345 could see it rising above 1.0504 zone.

Technical Forecast

  • Elliott Wave

    elongated flat correction up

Key Points

  • Key Point1.0385
  • Entry Point1.0172
  • Trendline 10.9850
  • Trendline 21.0500
  • Elliott0.9537
  • Closing1.0187
  • Ex-Low1.0025
  • Ex-High1.0344
  • Projection1.0285

Supports and Resistance levels

  • Support 11.0026
  • Support 20.9866
  • Resistance 11.0345
  • Resistance 21.0504
  • Pivot1.0185