Uptrend is still intact in a triangle configuration. It should continue to rally to 0.9028 or 0.9016 if support around 0.8914 hold. After which a pullback to 0.8914 - 0.8882 zone is possible.

Technical Forecast

  • Elliott Wave

    irregular flat support in correction up 0.8911

  • Trend Warning

    Warning: End of trend - Imminent end of bullish move

Key Points

  • Key Point0.9014
  • Entry Point0.8907
  • Trendline 10.8836
  • Trendline 20.8864
  • Elliott0.8683
  • Closing0.8954
  • Ex-Low0.8811
  • Ex-High0.8976
  • Projection0.9052

Supports and Resistance levels

  • Support 10.8851
  • Support 20.8749
  • Resistance 10.9016
  • Resistance 20.9079
  • Pivot0.8914

Preferred view is for a fall to 0.8702 - 0.8653 while 0.8776 - 0.8801 area resists. A clear break of 0.8898 would be bullish.

Technical Forecast

  • Elliott Wave

    flat correction down 0.8627

Key Points

  • Key Point0.8632
  • Entry Point0.8740
  • Trendline 10.8753
  • Trendline 20.8773
  • Elliott0.8848
  • Closing0.8703
  • Ex-Low0.8700
  • Ex-High0.8848
  • Projection0.8666

Supports and Resistance levels

  • Support 10.8653
  • Support 20.8602
  • Resistance 10.8801
  • Resistance 20.8898
  • Pivot0.8750

It should try higher up to 0.8829 - 0.8921. Entry point 0.8737 or 0.8652. After this rise, a correction is expected.

Technical Forecast

  • Elliott Wave

    crucial reversal point

  • Trend Warning

    Warning: Low Zone

Key Points

  • Key Point0.8559
  • Entry Point0.8610
  • Trendline 10.8907
  • Trendline 20.8414
  • Elliott0.9400
  • Closing0.8751
  • Ex-Low0.8553
  • Ex-High0.8907
  • Projection0.8335

Supports and Resistance levels

  • Support 10.8567
  • Support 20.8383
  • Resistance 10.8921
  • Resistance 20.9091
  • Pivot0.8737