It should try higher up to 0.8892 - 0.8933. Entry point 0.8850 or 0.8829. After this rise, a correction is expected.

Technical Forecast

  • Elliott Wave

    irregular flat correction up 0.8967

  • Trend Warning

    Warning: Engulfing pattern

Key Points

  • Key Point0.8953
  • Entry Point0.8873
  • Trendline 10.8821
  • Trendline 20.8821
  • Elliott0.8513
  • Closing0.8891
  • Ex-Low0.8767
  • Ex-High0.8892
  • Projection0.9107

Supports and Resistance levels

  • Support 10.8808
  • Support 20.8725
  • Resistance 10.8933
  • Resistance 20.8975
  • Pivot0.8850

It should test 0.9043 area after which a sell off down to 0.8593 or extended to 0.8383 area is expected.

Technical Forecast

  • Elliott Wave

    flat correction up 0.8892

Key Points

  • Key Point0.8923
  • Entry Point0.8718
  • Trendline 10.8853
  • Trendline 20.8687
  • Elliott0.8513
  • Closing0.8803
  • Ex-Low0.8513
  • Ex-High0.8853
  • Projection0.9019

Supports and Resistance levels

  • Support 10.8593
  • Support 20.8383
  • Resistance 10.8933
  • Resistance 20.9063
  • Pivot0.8723

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