Uptrend is still intact in a triangle configuration. It should continue to rally to 0.7933 or 0.7905 if support around 0.7814 hold. After which a pullback to 0.7814 - 0.7787 zone is possible.

Technical Forecast

  • Elliott Wave

    elongated flat correction up 0.7897

  • Trend Warning

    Warning: Imminent end of bullish move

Key Points

  • Key Point0.7904
  • Entry Point0.7807
  • Trendline 10.7726
  • Trendline 20.7774
  • Elliott0.7612
  • Closing0.7850
  • Ex-Low0.7723
  • Ex-High0.7869
  • Projection0.7897

Supports and Resistance levels

  • Support 10.7759
  • Support 20.7668
  • Resistance 10.7905
  • Resistance 20.7960
  • Pivot0.7814

It looks more likely that it would rise to 0.7747 - 0.7841 from 0.7653 or 0.7606. After which a downside move is expected.

Technical Forecast

  • Elliott Wave

    flat correction down 0.7616

Key Points

  • Key Point0.7585
  • Entry Point0.7689
  • Trendline 10.7703
  • Trendline 20.7725
  • Elliott0.7793
  • Closing0.7654
  • Ex-Low0.7652
  • Ex-High0.7793
  • Projection0.7616

Supports and Resistance levels

  • Support 10.7606
  • Support 20.7559
  • Resistance 10.7747
  • Resistance 20.7841
  • Pivot0.7700

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