It might hold above 0.7099 or 0.7044 for a rise towards above 0.7183 or 0.7212. Stop loss below 0.6987 zone.

Technical Forecast

  • Elliott Wave

    crucial reversal point 0.7041

  • Trend Warning

    Warning: End of trend - Imminent end of bearish move

Key Points

  • Key Point0.7017
  • Entry Point0.7105
  • Trendline 10.7241
  • Trendline 20.7134
  • Elliott0.7703
  • Closing0.7100
  • Ex-Low0.7099
  • Ex-High0.7267
  • Projection0.7041

Supports and Resistance levels

  • Support 10.7044
  • Support 20.6987
  • Resistance 10.7212
  • Resistance 20.7323
  • Pivot0.7155

Market should not go lower than 0.7431 - 0.7341. After this move down it should go up to 0.7583 - 0.7644 area.

Technical Forecast

  • Elliott Wave

    extension wave down 0.7379

Key Points

  • Key Point0.7442
  • Entry Point0.7458
  • Trendline 10.7522
  • Trendline 20.7673
  • Elliott0.8109
  • Closing0.7463
  • Ex-Low0.7400
  • Ex-High0.7703
  • Projection0.7228

Supports and Resistance levels

  • Support 10.7341
  • Support 20.7219
  • Resistance 10.7644
  • Resistance 20.7825
  • Pivot0.7522

There are initial signs of a good corrective recovery towards 0.7867 or even 0.7971. Supports at 0.7588 and 0.7415 zone.

Technical Forecast

  • Elliott Wave

    crucial reversal point

Key Points

  • Key Point0.7417
  • Entry Point0.7763
  • Trendline 10.7641
  • Trendline 20.7761
  • Elliott0.8109
  • Closing0.7624
  • Ex-Low0.7553
  • Ex-High0.8109
  • Projection0.7251

Supports and Resistance levels

  • Support 10.7415
  • Support 20.7206
  • Resistance 10.7971
  • Resistance 20.8318
  • Pivot0.7762