It looks set to visit further lower territory down to around 0.6854 - 0.6839. Its corrective attempts should fail ahead of 0.6880 - 0.6891. Stop loss above 0.6921 zone.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point0.6852
  • Entry Point0.6866
  • Trendline 10.6877
  • Trendline 20.6894
  • Elliott0.6969
  • Closing0.6862
  • Ex-Low0.6846
  • Ex-High0.6898
  • Projection0.6836

Supports and Resistance levels

  • Support 10.6839
  • Support 20.6817
  • Resistance 10.6891
  • Resistance 20.6921
  • Pivot0.6869

There are initial signs of a good corrective recovery towards 0.6915 or even 0.6939. Supports at 0.6854 and 0.6816 zone.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point0.6816
  • Entry Point0.6893
  • Trendline 10.6846
  • Trendline 20.6938
  • Elliott0.6969
  • Closing0.6862
  • Ex-Low0.6846
  • Ex-High0.6969
  • Projection0.6754

Supports and Resistance levels

  • Support 10.6816
  • Support 20.6769
  • Resistance 10.6939
  • Resistance 20.7015
  • Pivot0.6892

Uptrend is still intact in a triangle configuration. It should continue to rally to 0.6936 or 0.7001 if support around 0.6760 hold. After which a pullback to 0.6760 - 0.6696 zone is possible.

Technical Forecast

  • Elliott Wave

    flat correction up

Key Points

  • Key Point0.7044
  • Entry Point0.6763
  • Trendline 10.6519
  • Trendline 20.6614
  • Elliott0.6424
  • Closing0.6873
  • Ex-Low0.6519
  • Ex-High0.6887
  • Projection0.7060

Supports and Resistance levels

  • Support 10.6633
  • Support 20.6392
  • Resistance 10.7001
  • Resistance 20.7128
  • Pivot0.6760