There is bearish potential for a fall to 0.6586 while 0.6626 - 0.6637 resist. After this fall a recovery up to 0.6637 or 0.6648 is expected.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point0.6583
  • Entry Point0.6627
  • Trendline 10.6666
  • Trendline 20.6650
  • Elliott0.6681
  • Closing0.6609
  • Ex-Low0.6603
  • Ex-High0.6666
  • Projection0.6566

Supports and Resistance levels

  • Support 10.6586
  • Support 20.6564
  • Resistance 10.6648
  • Resistance 20.6688
  • Pivot0.6626

Uptrend is still intact in a triangle configuration. It should continue to rally to 0.6705 or 0.6722 if support around 0.6624 hold. After which a pullback to 0.6624 - 0.6596 zone is possible.

Technical Forecast

  • Elliott Wave

    flat correction up

Key Points

  • Key Point0.6726
  • Entry Point0.6608
  • Trendline 10.6525
  • Trendline 20.6559
  • Elliott0.6480
  • Closing0.6665
  • Ex-Low0.6526
  • Ex-High0.6681
  • Projection0.6783

Supports and Resistance levels

  • Support 10.6567
  • Support 20.6469
  • Resistance 10.6722
  • Resistance 20.6779
  • Pivot0.6624

It may meet resistance in 0.6537 - 0.6565 zone for a drift down to 0.6452 zone, after which bounce to 0.6651 is anticipated.

Technical Forecast

  • Elliott Wave

    null

Key Points

  • Key Point0.6461
  • Entry Point0.6556
  • Trendline 10.6697
  • Trendline 20.6521
  • Elliott0.6942
  • Closing0.6537
  • Ex-Low0.6480
  • Ex-High0.6679
  • Projection0.6363

Supports and Resistance levels

  • Support 10.6452
  • Support 20.6367
  • Resistance 10.6651
  • Resistance 20.6764
  • Pivot0.6565