It should trade higher to above 0.8852 while 0.8830 - 0.8823 offer support. Stop Loss below 0.8807 zone.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point0.8831
  • Entry Point0.8834
  • Trendline 10.8841
  • Trendline 20.8833
  • Elliott0.8901
  • Closing0.8838
  • Ex-Low0.8821
  • Ex-High0.8850
  • Projection0.8813

Supports and Resistance levels

  • Support 10.8823
  • Support 20.8807
  • Resistance 10.8852
  • Resistance 20.8866
  • Pivot0.8836

Current upmove should be ended around 0.8854 - 0.8872. Any correction consolidation should find support in 0.8820 - 0.8803 zone.

Technical Forecast

  • Elliott Wave

    irregular flat correction up

Key Points

  • Key Point0.8855
  • Entry Point0.8834
  • Trendline 10.8814
  • Trendline 20.8837
  • Elliott0.8718
  • Closing0.8840
  • Ex-Low0.8800
  • Ex-High0.8869
  • Projection0.8917

Supports and Resistance levels

  • Support 10.8803
  • Support 20.8767
  • Resistance 10.8872
  • Resistance 20.8905
  • Pivot0.8836

Currently uptrend should end around 0.8870 - 0.8920 area. A correction down to below 0.8747 is expected. A rise above 0.8992 will abort the expected correction.

Technical Forecast

  • Elliott Wave

    flat correction up

Key Points

  • Key Point0.8892
  • Entry Point0.8809
  • Trendline 10.8750
  • Trendline 20.8767
  • Elliott0.8621
  • Closing0.8848
  • Ex-Low0.8718
  • Ex-High0.8891
  • Projection0.8968

Supports and Resistance levels

  • Support 10.8747
  • Support 20.8646
  • Resistance 10.8920
  • Resistance 20.8992
  • Pivot0.8819