It should trade higher to above 0.7330 while 0.7298 - 0.7289 offer support. Stop Loss below 0.7266 zone.

Technical Forecast

  • Elliott Wave

    correction zigzag

Key Points

  • Key Point0.7318
  • Entry Point0.7314
  • Trendline 10.7326
  • Trendline 20.7308
  • Elliott0.7344
  • Closing0.7311
  • Ex-Low0.7285
  • Ex-High0.7326
  • Projection0.7289

Supports and Resistance levels

  • Support 10.7289
  • Support 20.7266
  • Resistance 10.7330
  • Resistance 20.7349
  • Pivot0.7307

Corrective dips should ideally halt near 0.7256 or 0.7226 for one more thrust upwards towards 0.7328 - 0.7371 area or 0.7430 in extention. Fall below 0.7140 puts it back on a downward path.

Technical Forecast

  • Elliott Wave

    irregular flat correction up

Key Points

  • Key Point0.7351
  • Entry Point0.7275
  • Trendline 10.7268
  • Trendline 20.7268
  • Elliott0.7200
  • Closing0.7311
  • Ex-Low0.7200
  • Ex-High0.7344
  • Projection0.7423

Supports and Resistance levels

  • Support 10.7226
  • Support 20.7140
  • Resistance 10.7371
  • Resistance 20.7430
  • Pivot0.7285

Currently uptrend should end around 0.7328 - 0.7413 area. A correction down to below 0.7142 is expected. A rise above 0.7514 will abort the expected correction.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point0.7413
  • Entry Point0.7228
  • Trendline 10.7074
  • Trendline 20.7128
  • Elliott0.7021
  • Closing0.7311
  • Ex-Low0.7074
  • Ex-High0.7344
  • Projection31.7753

Supports and Resistance levels

  • Support 10.7142
  • Support 20.6973
  • Resistance 10.7413
  • Resistance 20.7514
  • Pivot0.7243