Market should go down to 0.7346 - 0.7344 area .If this crucial support zone holds it should resume higher to 0.7381 - 0.7414 zone.

Technical Forecast

  • Elliott Wave

    support in an extended wave up 0.7328

  • Trend Warning

    Warning: Harami

Key Points

  • Key Point0.7356
  • Entry Point0.7346
  • Trendline 10.7335
  • Trendline 20.7344
  • Elliott0.7113
  • Closing0.7349
  • Ex-Low0.7320
  • Ex-High0.7383
  • Projection0.7410

Supports and Resistance levels

  • Support 10.7318
  • Support 20.7288
  • Resistance 10.7381
  • Resistance 20.7414
  • Pivot0.7351

Currently uptrend should end around 0.7497 - 0.7434 area. A correction down to below 0.7287 is expected. A rise above 0.7485 will abort the expected correction.

Technical Forecast

  • Elliott Wave

    extended impulse wave up 0.7436

  • Trend Warning

    Warning: End of trend - Imminent end of bullish move

Key Points

  • Key Point0.7463
  • Entry Point0.7385
  • Trendline 10.7242
  • Trendline 20.7371
  • Elliott0.7113
  • Closing0.7383
  • Ex-Low0.7242
  • Ex-High0.7389
  • Projection0.7502

Supports and Resistance levels

  • Support 10.7287
  • Support 20.7191
  • Resistance 10.7434
  • Resistance 20.7485
  • Pivot0.7338

Uptrend is still intact in a triangle configuration. It should continue to rally to 0.7546 or 0.7462 if support around 0.7276 hold. After which a pullback to 0.7276 - 0.7219 zone is possible.

Technical Forecast

  • Elliott Wave

    exagerated impulse wave up 0.7434

  • Trend Warning

    Warning: End of trend - Imminent end of bullish move

Key Points

  • Key Point0.7459
  • Entry Point0.7265
  • Trendline 10.7069
  • Trendline 20.7259
  • Elliott0.6680
  • Closing0.7349
  • Ex-Low0.7089
  • Ex-High0.7389
  • Projection0.7434

Supports and Resistance levels

  • Support 10.7162
  • Support 20.6976
  • Resistance 10.7462
  • Resistance 20.7576
  • Pivot0.7276