There are initial signs of a good corrective recovery towards 0.8956 or even 0.8997. Supports at 0.8913 and 0.8892 zone.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point0.8887
  • Entry Point0.8931
  • Trendline 10.8913
  • Trendline 20.8923
  • Elliott0.8975
  • Closing0.8915
  • Ex-Low0.8911
  • Ex-High0.8975
  • Projection0.8878

Supports and Resistance levels

  • Support 10.8892
  • Support 20.8869
  • Resistance 10.8956
  • Resistance 20.8997
  • Pivot0.8933

It should try higher up to 0.8858 - 0.8980. Entry point 0.8735 or 0.8666. After this rise, a correction is expected.

Technical Forecast

  • Elliott Wave

    flat correction up

Key Points

  • Key Point0.9000
  • Entry Point0.8666
  • Trendline 10.8638
  • Trendline 20.8638
  • Elliott0.8472
  • Closing0.8841
  • Ex-Low0.8490
  • Ex-High0.8875
  • Projection0.9112

Supports and Resistance levels

  • Support 10.8596
  • Support 20.8351
  • Resistance 10.8980
  • Resistance 20.9120
  • Pivot0.8735