It should trade higher to 0.6954 while 0.6928 or 0.6919 offers support. Stop loss below 0.6911 zone.

Technical Forecast

  • Elliott Wave

    impulse wave up

Key Points

  • Key Point0.6952
  • Entry Point0.6921
  • Trendline 10.6901
  • Trendline 20.6903
  • Elliott0.6899
  • Closing0.6938
  • Ex-Low0.6901
  • Ex-High0.6944
  • Projection0.6963

Supports and Resistance levels

  • Support 10.6911
  • Support 20.6885
  • Resistance 10.6954
  • Resistance 20.6971
  • Pivot0.6928

Current rise seems to be over near 0.6941 or 0.6955 for a retracement towards 0.6927 - 0.6918 area.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point0.6957
  • Entry Point0.6929
  • Trendline 10.6891
  • Trendline 20.6933
  • Elliott0.6865
  • Closing0.6938
  • Ex-Low0.6899
  • Ex-High0.6944
  • Projection0.6995

Supports and Resistance levels

  • Support 10.6910
  • Support 20.6882
  • Resistance 10.6955
  • Resistance 20.6972
  • Pivot0.6927

Current fall is near an end of wave around 0.6848 zone, a rally should then procede to above 0.7044. Fall below 0.6758 would cancel this scenario.

Technical Forecast

  • Elliott Wave

    correction zigzag

Key Points

  • Key Point0.6912
  • Entry Point0.6933
  • Trendline 10.7061
  • Trendline 20.6917
  • Elliott0.7206
  • Closing0.6938
  • Ex-Low0.6865
  • Ex-High0.7061
  • Projection0.6715

Supports and Resistance levels

  • Support 10.6848
  • Support 20.6758
  • Resistance 10.7044
  • Resistance 20.7151
  • Pivot0.6954