It should be subject to more weakness towards 0.7427. After which a correction to above 0.7458 is anticipated. A break of 0.7414 is bearish.

Technical Forecast

  • Elliott Wave

    irregular flat correction down 0.7405

Key Points

  • Key Point0.7435
  • Entry Point0.7429
  • Trendline 10.7462
  • Trendline 20.7415
  • Elliott0.7509
  • Closing0.7441
  • Ex-Low0.7431
  • Ex-High0.7462
  • Projection0.7425

Supports and Resistance levels

  • Support 10.7427
  • Support 20.7414
  • Resistance 10.7458
  • Resistance 20.7476
  • Pivot0.7445

It is a triangle configuration. Market should break either side. Acceleration should occur above 0.7544 or under 0.7425 limits.

Technical Forecast

  • Elliott Wave

    flat correction up 0.7522

  • Trend Warning

    Warning: Low Zone

Key Points

  • Key Point0.7447
  • Entry Point0.7444
  • Trendline 10.7425
  • Trendline 20.7459
  • Elliott0.7391
  • Closing0.7458
  • Ex-Low0.7425
  • Ex-High0.7544
  • Projection0.7544

Supports and Resistance levels

  • Support 10.7407
  • Support 20.7357
  • Resistance 10.7526
  • Resistance 20.7595
  • Pivot0.7476

While below 0.7545 - 0.7630 it is more likely to fall further towards 0.7384 or 0.7308. Premature rise above 0.7630 could see it rising above 0.7783 zone.

Technical Forecast

  • Elliott Wave

    crucial reversal point

Key Points

  • Key Point0.7556
  • Entry Point0.7439
  • Trendline 10.7276
  • Trendline 20.7495
  • Elliott0.6680
  • Closing0.7477
  • Ex-Low0.7292
  • Ex-High0.7614
  • Projection0.8224

Supports and Resistance levels

  • Support 10.7308
  • Support 20.7139
  • Resistance 10.7630
  • Resistance 20.7783
  • Pivot0.7461