It should trade higher to 0.8944 while 0.8904 or 0.8893 offers support. Stop loss below 0.8882 zone.

Technical Forecast

  • Elliott Wave

    impulse wave up

Key Points

  • Key Point0.8950
  • Entry Point0.8904
  • Trendline 10.8879
  • Trendline 20.8881
  • Elliott0.8811
  • Closing0.8922
  • Ex-Low0.8863
  • Ex-High0.8925
  • Projection0.8983

Supports and Resistance levels

  • Support 10.8882
  • Support 20.8842
  • Resistance 10.8944
  • Resistance 20.8965
  • Pivot0.8904

It should be subject to more sell off towards 0.8815 or 0.8756. Corrective upward swings should face resistance around 0.8887 area. A break of 0.8984 is bullish.

Technical Forecast

  • Elliott Wave

    correction zigzag

Key Points

  • Key Point0.8881
  • Entry Point0.8905
  • Trendline 10.8925
  • Trendline 20.8918
  • Elliott0.8931
  • Closing0.8874
  • Ex-Low0.8811
  • Ex-High0.8925
  • Projection0.8826

Supports and Resistance levels

  • Support 10.8815
  • Support 20.8756
  • Resistance 10.8929
  • Resistance 20.8984
  • Pivot0.8870

Market should hold major support at 0.8702 before rising towards 0.8985 or even 0.9096 limit.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point0.8955
  • Entry Point0.8805
  • Trendline 10.8881
  • Trendline 20.8871
  • Elliott0.8656
  • Closing0.8874
  • Ex-Low0.8656
  • Ex-High0.8931
  • Projection0.9099

Supports and Resistance levels

  • Support 10.8710
  • Support 20.8546
  • Resistance 10.8985
  • Resistance 20.9096
  • Pivot0.8821