While below 0.7225 - 0.7239 it is more likely to fall further towards 0.7199 or 0.7187. Premature rise above 0.7239 could see it rising above 0.7264 zone.

Technical Forecast

  • Elliott Wave

    elongated flat correction up

Key Points

  • Key Point0.7271
  • Entry Point0.7260
  • Trendline 10.7239
  • Trendline 20.7260
  • Elliott0.6715
  • Closing0.7215
  • Ex-Low0.7182
  • Ex-High0.7235
  • Projection0.7292

Supports and Resistance levels

  • Support 10.7187
  • Support 20.7158
  • Resistance 10.7239
  • Resistance 20.7264
  • Pivot0.7211

Current rise should end around 0.7263. Objectives of this downmove are 0.7139 or 0.7062. A rise above 0.7312 is again bullish.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point0.7418
  • Entry Point0.7363
  • Trendline 10.7110
  • Trendline 20.7506
  • Elliott0.6715
  • Closing0.7215
  • Ex-Low0.7110
  • Ex-High0.7235
  • Projection0.7394

Supports and Resistance levels

  • Support 10.7139
  • Support 20.7062
  • Resistance 10.7263
  • Resistance 20.7312
  • Pivot0.7187

It looks more likely that it would rise to 0.7286 - 0.7528 from 0.7031 or 0.6910. After which a downside move is expected.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point0.6884
  • Entry Point0.7139
  • Trendline 10.7207
  • Trendline 20.7207
  • Elliott0.7394
  • Closing0.7044
  • Ex-Low0.7017
  • Ex-High0.7394
  • Projection0.6791

Supports and Resistance levels

  • Support 10.6910
  • Support 20.6775
  • Resistance 10.7286
  • Resistance 20.7528
  • Pivot0.7152