There is bearish potential for a fall to 0.8880 while 0.8971 - 0.8995 resist. After this fall a recovery up to 0.8995 or 0.9020 is expected.

Technical Forecast

  • Elliott Wave

    extension wave down

Key Points

  • Key Point0.8865
  • Entry Point0.8963
  • Trendline 10.9014
  • Trendline 20.9014
  • Elliott0.9062
  • Closing0.8929
  • Ex-Low0.8923
  • Ex-High0.9062
  • Projection0.8878

Supports and Resistance levels

  • Support 10.8880
  • Support 20.8832
  • Resistance 10.9020
  • Resistance 20.9111
  • Pivot0.8971

It looks more likely that it would rise to 0.9020 - 0.9111 from 0.8926 or 0.8880. After which a downside move is expected.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point0.8889
  • Entry Point0.8963
  • Trendline 10.9062
  • Trendline 20.9012
  • Elliott0.9112
  • Closing0.8929
  • Ex-Low0.8923
  • Ex-High0.9062
  • Projection0.8811

Supports and Resistance levels

  • Support 10.8880
  • Support 20.8832
  • Resistance 10.9020
  • Resistance 20.9111
  • Pivot0.8971

While below 0.9038 - 0.9096 it is more likely to fall further towards 0.8926 or 0.8872. Premature rise above 0.9096 could see it rising above 0.9204 zone.

Technical Forecast

  • Elliott Wave

    flat correction up

Key Points

  • Key Point0.9070
  • Entry Point0.9019
  • Trendline 10.8863
  • Trendline 20.9070
  • Elliott0.8656
  • Closing0.8988
  • Ex-Low0.8863
  • Ex-High0.9087
  • Projection0.9099

Supports and Resistance levels

  • Support 10.8872
  • Support 20.8756
  • Resistance 10.9096
  • Resistance 20.9204
  • Pivot0.8980