Preferred view is for a fall to 0.7633 - 0.7618 while 0.7659 - 0.7670 area resists. A clear break of 0.7700 would be bullish.

Technical Forecast

  • Elliott Wave

    exagerated impulse wave up 0.7684

Key Points

  • Key Point0.7659
  • Entry Point0.7654
  • Trendline 10.7652
  • Trendline 20.7673
  • Elliott0.7515
  • Closing0.7640
  • Ex-Low0.7626
  • Ex-High0.7678
  • Projection0.7684

Supports and Resistance levels

  • Support 10.7618
  • Support 20.7596
  • Resistance 10.7670
  • Resistance 20.7700
  • Pivot0.7648

Uptrend is still intact in a triangle configuration. It should continue to rally to 0.7722 or 0.7707 if support around 0.7611 hold. After which a pullback to 0.7611 - 0.7578 zone is possible.

Technical Forecast

  • Elliott Wave

    impulse wave up 0.7717

  • Trend Warning

    Warning: End of trend - Imminent end of bullish move

Key Points

  • Key Point0.7684
  • Entry Point0.7608
  • Trendline 10.7544
  • Trendline 20.7571
  • Elliott0.7404
  • Closing0.7640
  • Ex-Low0.7515
  • Ex-High0.7678
  • Projection0.7717

Supports and Resistance levels

  • Support 10.7544
  • Support 20.7448
  • Resistance 10.7707
  • Resistance 20.7774
  • Pivot0.7611

Uptrend is still intact in a triangle configuration. It should continue to rally to 0.7745 or 0.7744 if support around 0.7574 hold. After which a pullback to 0.7574 - 0.7522 zone is possible.

Technical Forecast

  • Elliott Wave

    crucial reversal point

  • Trend Warning

    Warning: Imminent end of bullish move

Key Points

  • Key Point0.7739
  • Entry Point0.7589
  • Trendline 10.7443
  • Trendline 20.7566
  • Elliott0.6680
  • Closing0.7640
  • Ex-Low0.7404
  • Ex-High0.7678
  • Projection0.8224

Supports and Resistance levels

  • Support 10.7470
  • Support 20.7300
  • Resistance 10.7744
  • Resistance 20.7848
  • Pivot0.7574