Strength can extend to 0.8902 or even higher than 0.8922 as declines are expected to find support at 0.8867 or 0.8850 zone. A fall below 0.8811 could turn it bearish.

Technical Forecast

  • Elliott Wave

    extended impulse wave up

Key Points

  • Key Point0.8901
  • Entry Point0.8878
  • Trendline 10.8843
  • Trendline 20.8870
  • Elliott0.8817
  • Closing0.8890
  • Ex-Low0.8843
  • Ex-High0.8915
  • Projection0.8928

Supports and Resistance levels

  • Support 10.8850
  • Support 20.8811
  • Resistance 10.8922
  • Resistance 20.8955
  • Pivot0.8883

It looks more likely that it would rise to 0.8884 - 0.8937 from 0.8822 or 0.8796. After which a downside move is expected.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point0.8805
  • Entry Point0.8853
  • Trendline 10.8829
  • Trendline 20.8842
  • Elliott0.8901
  • Closing0.8831
  • Ex-Low0.8813
  • Ex-High0.8901
  • Projection0.8788

Supports and Resistance levels

  • Support 10.8796
  • Support 20.8761
  • Resistance 10.8884
  • Resistance 20.8937
  • Pivot0.8849

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