It is likely to fall towards 0.8896 - 0.8869 unless a corrective rally breaks the 0.8938 resistance. Stop above 0.8952 zone.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point0.8911
  • Entry Point0.8922
  • Trendline 10.8934
  • Trendline 20.8924
  • Elliott0.9014
  • Closing0.8923
  • Ex-Low0.8898
  • Ex-High0.8954
  • Projection0.8889

Supports and Resistance levels

  • Support 10.8896
  • Support 20.8869
  • Resistance 10.8952
  • Resistance 20.8980
  • Pivot0.8925

Resistances lie around 0.8968 and 0.9009. It should test lower towards 0.8841 zone. A clear break of 0.8909 would be bearish.

Technical Forecast

  • Elliott Wave

    flat correction up

Key Points

  • Key Point0.8930
  • Entry Point0.8907
  • Trendline 10.8862
  • Trendline 20.8903
  • Elliott0.8733
  • Closing0.8923
  • Ex-Low0.8846
  • Ex-High0.9014
  • Projection0.9033

Supports and Resistance levels

  • Support 10.8841
  • Support 20.8760
  • Resistance 10.9009
  • Resistance 20.9095
  • Pivot0.8927

Market should not go lower than 0.8766 - 0.8677. After this move down it should go up to 0.8900 - 0.8945 area.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point0.8638
  • Entry Point0.8809
  • Trendline 10.9041
  • Trendline 20.8840
  • Elliott0.9307
  • Closing0.8767
  • Ex-Low0.8765
  • Ex-High0.9033
  • Projection0.8460

Supports and Resistance levels

  • Support 10.8677
  • Support 20.8587
  • Resistance 10.8945
  • Resistance 20.9123
  • Pivot0.8855