Current fall is near an end of wave around 1.1065 - 1.1046 zone, a rally should then procede to above 1.1104. Fall below 1.1026 would cancel this scenario.

Technical Forecast

  • Elliott Wave

    extended impulse wave down

Key Points

  • Key Point1.1081
  • Entry Point1.1087
  • Trendline 11.1123
  • Trendline 21.1091
  • Elliott1.1158
  • Closing1.1084
  • Ex-Low1.1066
  • Ex-High1.1105
  • Projection1.1073

Supports and Resistance levels

  • Support 11.1065
  • Support 21.1046
  • Resistance 11.1104
  • Resistance 21.1124
  • Pivot1.1085

There is bearish potential for a fall to 1.1056 while 1.1107 - 1.1125 resist. After this fall a recovery up to 1.1125 or 1.1142 is expected.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point1.1067
  • Entry Point1.1117
  • Trendline 11.1158
  • Trendline 21.1144
  • Elliott1.1172
  • Closing1.1091
  • Ex-Low1.1072
  • Ex-High1.1158
  • Projection1.1057

Supports and Resistance levels

  • Support 11.1056
  • Support 21.1021
  • Resistance 11.1142
  • Resistance 21.1193
  • Pivot1.1107

It may meet resistance in 1.1101 - 1.1136 zone for a drift down to 1.1022 zone, after which bounce to 1.1215 is anticipated.

Technical Forecast

  • Elliott Wave

    elongated flat correction down

Key Points

  • Key Point1.1049
  • Entry Point1.1107
  • Trendline 11.1279
  • Trendline 21.1060
  • Elliott1.1477
  • Closing1.1101
  • Ex-Low1.1057
  • Ex-High1.1250
  • Projection1.0967

Supports and Resistance levels

  • Support 11.1022
  • Support 21.0943
  • Resistance 11.1215
  • Resistance 21.1328
  • Pivot1.1136