It is likely to fall towards 0.7531 - 0.7498 unless a corrective rally breaks the 0.7586 resistance. Stop above 0.7603 zone.

Technical Forecast

  • Elliott Wave

    extended impulse wave down

Key Points

  • Key Point0.7557
  • Entry Point0.7579
  • Trendline 10.7592
  • Trendline 20.7591
  • Elliott0.7695
  • Closing0.7565
  • Ex-Low0.7536
  • Ex-High0.7608
  • Projection0.7544

Supports and Resistance levels

  • Support 10.7531
  • Support 20.7498
  • Resistance 10.7603
  • Resistance 20.7642
  • Pivot0.7570

Market should not go lower than 0.7550 - 0.7512. After this move down it should go up to 0.7615 - 0.7641 area.

Technical Forecast

  • Elliott Wave

    extended impulse wave down

Key Points

  • Key Point0.7528
  • Entry Point0.7587
  • Trendline 10.7640
  • Trendline 20.7609
  • Elliott0.7897
  • Closing0.7565
  • Ex-Low0.7536
  • Ex-High0.7666
  • Projection0.7531

Supports and Resistance levels

  • Support 10.7512
  • Support 20.7459
  • Resistance 10.7641
  • Resistance 20.7718
  • Pivot0.7589

It should register gains to above 0.7828 now. Corrective declines should be supported in 0.7658 - 0.7641 zone. A clear break of 0.7556 is needed to damage this bullish view.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point0.7526
  • Entry Point0.6636
  • Trendline 10.6510
  • Trendline 20.7669
  • Elliott1.2515
  • Closing0.7658
  • Ex-Low0.7625
  • Ex-High0.7897
  • Projection0.7329

Supports and Resistance levels

  • Support 10.7556
  • Support 20.7455
  • Resistance 10.7828
  • Resistance 20.7999
  • Pivot0.7727