There is bearish potential for a fall to 0.7610 while 0.7701 - 0.7726 resist. After this fall a recovery up to 0.7726 or 0.7751 is expected.

Technical Forecast

  • Elliott Wave

    flat correction down 0.7616

  • Trend Warning

    Warning: Engulfing pattern

Key Points

  • Key Point0.7596
  • Entry Point0.7694
  • Trendline 10.7721
  • Trendline 20.7721
  • Elliott0.7793
  • Closing0.7659
  • Ex-Low0.7652
  • Ex-High0.7793
  • Projection0.7616

Supports and Resistance levels

  • Support 10.7610
  • Support 20.7560
  • Resistance 10.7751
  • Resistance 20.7842
  • Pivot0.7701

Uptrend is still intact. It should continue to rally to 0.7832 or 0.7913 if supports at 0.7706 - 0.7684 area hold. Stop loss below 0.7661.

Technical Forecast

  • Elliott Wave

    crucial reversal point

  • Trend Warning

    Warning: Low Zone

Key Points

  • Key Point0.7814
  • Entry Point0.7748
  • Trendline 10.7624
  • Trendline 20.7741
  • Elliott0.7507
  • Closing0.7743
  • Ex-Low0.7624
  • Ex-High0.7750
  • Projection0.7936

Supports and Resistance levels

  • Support 10.7661
  • Support 20.7580
  • Resistance 10.7787
  • Resistance 20.7832
  • Pivot0.7706

It looks more likely that it would rise to 0.7894 - 0.8130 from 0.7583 or 0.7465. After which a downside move is expected.

Technical Forecast

  • Elliott Wave

    support in a triangle up 0.7549

Key Points

  • Key Point0.7734
  • Entry Point0.7707
  • Trendline 10.7679
  • Trendline 20.7734
  • Elliott0.6642
  • Closing0.7659
  • Ex-Low0.7507
  • Ex-High0.7936
  • Projection0.8109

Supports and Resistance levels

  • Support 10.7465
  • Support 20.7272
  • Resistance 10.7894
  • Resistance 20.8130
  • Pivot0.7701