It is likely to fall towards 0.7164 - 0.7142 as its corrective rally could falter in 0.7203 - 0.7220 area. Stop above 0.7263 zone.

Technical Forecast

  • Elliott Wave

    elongated flat correction down

Key Points

  • Key Point0.7163
  • Entry Point0.7195
  • Trendline 10.7229
  • Trendline 20.7212
  • Elliott0.7247
  • Closing0.7176
  • Ex-Low0.7152
  • Ex-High0.7229
  • Projection0.7136

Supports and Resistance levels

  • Support 10.7142
  • Support 20.7108
  • Resistance 10.7220
  • Resistance 20.7263
  • Pivot0.7186

Current fall is near an end of wave around 0.7136 zone, a rally should then procede to above 0.7232. Fall below 0.7096 would cancel this scenario.

Technical Forecast

  • Elliott Wave

    resistance in a flat correction

Key Points

  • Key Point0.7104
  • Entry Point0.7138
  • Trendline 10.7247
  • Trendline 20.7100
  • Elliott0.7394
  • Closing0.7176
  • Ex-Low0.7152
  • Ex-High0.7247
  • Projection0.7023

Supports and Resistance levels

  • Support 10.7136
  • Support 20.7096
  • Resistance 10.7232
  • Resistance 20.7287
  • Pivot0.7192

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