It is likely to fall towards 0.8961 - 0.8939 unless a corrective rally breaks the 0.8994 resistance. Stop above 0.9004 zone.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point0.8974
  • Entry Point0.8981
  • Trendline 10.8990
  • Trendline 20.8983
  • Elliott0.9087
  • Closing0.8982
  • Ex-Low0.8961
  • Ex-High0.9005
  • Projection0.8956

Supports and Resistance levels

  • Support 10.8961
  • Support 20.8939
  • Resistance 10.9004
  • Resistance 20.9026
  • Pivot0.8983

Resistances lie around 0.9035 and 0.9066. It should test lower towards 0.8921 zone. A clear break of 0.8916 would be bearish.

Technical Forecast

  • Elliott Wave

    impulse wave up

Key Points

  • Key Point0.8991
  • Entry Point0.8989
  • Trendline 10.8949
  • Trendline 20.9023
  • Elliott0.8811
  • Closing0.8982
  • Ex-Low0.8943
  • Ex-High0.9087
  • Projection0.9081

Supports and Resistance levels

  • Support 10.8921
  • Support 20.8860
  • Resistance 10.9066
  • Resistance 20.9149
  • Pivot0.9004

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