Current fall is near an end of wave around 0.7637 zone, a rally should then procede to above 0.7801. Fall below 0.7558 would cancel this scenario.

Technical Forecast

  • Elliott Wave

    flat correction down 0.7672

Key Points

  • Key Point0.7667
  • Entry Point0.7706
  • Trendline 10.7808
  • Trendline 20.7683
  • Elliott0.7933
  • Closing0.7715
  • Ex-Low0.7644
  • Ex-High0.7808
  • Projection0.7672

Supports and Resistance levels

  • Support 10.7637
  • Support 20.7558
  • Resistance 10.7801
  • Resistance 20.7886
  • Pivot0.7722

Currently uptrend should end around 0.7855 - 0.7936 area. A correction down to below 0.7668 is expected. A rise above 0.8042 will abort the expected correction.

Technical Forecast

  • Elliott Wave

    common flat correction up 0.7936

  • Trend Warning

    Warning: Engulfing pattern

Key Points

  • Key Point0.7914
  • Entry Point0.7733
  • Trendline 10.7734
  • Trendline 20.7734
  • Elliott0.7507
  • Closing0.7830
  • Ex-Low0.7612
  • Ex-High0.7880
  • Projection0.7936

Supports and Resistance levels

  • Support 10.7668
  • Support 20.7506
  • Resistance 10.7936
  • Resistance 20.8042
  • Pivot0.7774

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