It may meet resistance in 0.7427 - 0.7441 zone for a drift down to 0.7402 zone, after which bounce to 0.7467 is anticipated.

Technical Forecast

  • Elliott Wave

    irregular flat correction down 0.7375

  • Trend Warning

    Warning: Imminent end of bearish move

Key Points

  • Key Point0.7405
  • Entry Point0.7412
  • Trendline 10.7486
  • Trendline 20.7386
  • Elliott0.7614
  • Closing0.7427
  • Ex-Low0.7416
  • Ex-High0.7481
  • Projection0.7302

Supports and Resistance levels

  • Support 10.7402
  • Support 20.7376
  • Resistance 10.7467
  • Resistance 20.7506
  • Pivot0.7441

Currently uptrend should end around 0.7615 - 0.7619 area. A correction down to below 0.7454 is expected. A rise above 0.7685 will abort the expected correction.

Technical Forecast

  • Elliott Wave

    support in an extended wave up 0.7502

  • Trend Warning

    Warning: End of trend - Imminent end of bullish move

Key Points

  • Key Point0.7622
  • Entry Point0.7555
  • Trendline 10.7438
  • Trendline 20.7550
  • Elliott0.7113
  • Closing0.7553
  • Ex-Low0.7421
  • Ex-High0.7586
  • Projection0.7647

Supports and Resistance levels

  • Support 10.7454
  • Support 20.7355
  • Resistance 10.7619
  • Resistance 20.7685
  • Pivot0.7520

Uptrend is still intact in a triangle configuration. It should continue to rally to 0.7546 or 0.7462 if support around 0.7276 hold. After which a pullback to 0.7276 - 0.7219 zone is possible.

Technical Forecast

  • Elliott Wave

    exagerated impulse wave up 0.7434

  • Trend Warning

    Warning: End of trend - Imminent end of bullish move

Key Points

  • Key Point0.7459
  • Entry Point0.7265
  • Trendline 10.7069
  • Trendline 20.7259
  • Elliott0.6680
  • Closing0.7349
  • Ex-Low0.7089
  • Ex-High0.7389
  • Projection0.7434

Supports and Resistance levels

  • Support 10.7162
  • Support 20.6976
  • Resistance 10.7462
  • Resistance 20.7576
  • Pivot0.7276