It may meet resistance in 0.8796 - 0.8803 zone for a drift down to 0.8737 zone, after which bounce to 0.8861 is anticipated.

Technical Forecast

  • Elliott Wave

    flat correction down 0.8732

Key Points

  • Key Point0.8731
  • Entry Point0.8762
  • Trendline 10.8868
  • Trendline 20.8717
  • Elliott0.9019
  • Closing0.8796
  • Ex-Low0.8744
  • Ex-High0.8868
  • Projection0.8683

Supports and Resistance levels

  • Support 10.8737
  • Support 20.8679
  • Resistance 10.8861
  • Resistance 20.8927
  • Pivot0.8803

Uptrend is still intact in a triangle configuration. It should continue to rally to 0.8992 or 0.9030 if support around 0.8856 hold. After which a pullback to 0.8856 - 0.8796 zone is possible.

Technical Forecast

  • Elliott Wave

    irregular flat correction up 0.8991

  • Trend Warning

    Warning: Imminent end of bullish move - Engulfing pattern

Key Points

  • Key Point0.8990
  • Entry Point0.8812
  • Trendline 10.8802
  • Trendline 20.8802
  • Elliott0.8553
  • Closing0.8910
  • Ex-Low0.8683
  • Ex-High0.8976
  • Projection0.9126

Supports and Resistance levels

  • Support 10.8737
  • Support 20.8563
  • Resistance 10.9030
  • Resistance 20.9149
  • Pivot0.8856

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