It looks set to visit further lower territory down to around 0.8893 - 0.8882. Its corrective attempts should fail ahead of 0.8913 or 0.8922. Stop loss above 0.8945 zone.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point0.8897
  • Entry Point0.8910
  • Trendline 10.8922
  • Trendline 20.8919
  • Elliott0.8945
  • Closing0.8899
  • Ex-Low0.8887
  • Ex-High0.8928
  • Projection0.8862

Supports and Resistance levels

  • Support 10.8882
  • Support 20.8864
  • Resistance 10.8922
  • Resistance 20.8945
  • Pivot0.8905

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