There are initial signs of a good corrective recovery towards 0.8870 or even 0.8899. Supports at 0.8831 and 0.8817 zone.

Technical Forecast

  • Elliott Wave

    impulse wave up

Key Points

  • Key Point0.8838
  • Entry Point0.8834
  • Trendline 10.8824
  • Trendline 20.8835
  • Elliott0.8798
  • Closing0.8841
  • Ex-Low0.8822
  • Ex-High0.8875
  • Projection0.8868

Supports and Resistance levels

  • Support 10.8817
  • Support 20.8793
  • Resistance 10.8870
  • Resistance 20.8899
  • Pivot0.8846

While below 0.8858 - 0.8880 it is more likely to fall further towards 0.8816 or 0.8796. Premature rise above 0.8880 could see it rising above 0.8920 zone.

Technical Forecast

  • Elliott Wave

    support in an impulse wave up

Key Points

  • Key Point0.8902
  • Entry Point0.8884
  • Trendline 10.8849
  • Trendline 20.8890
  • Elliott0.8490
  • Closing0.8841
  • Ex-Low0.8790
  • Ex-High0.8875
  • Projection0.8919

Supports and Resistance levels

  • Support 10.8796
  • Support 20.8751
  • Resistance 10.8880
  • Resistance 20.8920
  • Pivot0.8835

It should try higher up to 0.8858 - 0.8980. Entry point 0.8735 or 0.8666. After this rise, a correction is expected.

Technical Forecast

  • Elliott Wave

    flat correction up

Key Points

  • Key Point0.9000
  • Entry Point0.8666
  • Trendline 10.8638
  • Trendline 20.8638
  • Elliott0.8472
  • Closing0.8841
  • Ex-Low0.8490
  • Ex-High0.8875
  • Projection0.9112

Supports and Resistance levels

  • Support 10.8596
  • Support 20.8351
  • Resistance 10.8980
  • Resistance 20.9120
  • Pivot0.8735