Market should not go lower than 0.6786 - 0.6760. After this move down it should go up to 0.6829 - 0.6847 area.

Technical Forecast

  • Elliott Wave

    extended impulse wave down

Key Points

  • Key Point0.6792
  • Entry Point0.6823
  • Trendline 10.6859
  • Trendline 20.6846
  • Elliott0.6912
  • Closing0.6794
  • Ex-Low0.6777
  • Ex-High0.6864
  • Projection0.6752

Supports and Resistance levels

  • Support 10.6760
  • Support 20.6725
  • Resistance 10.6847
  • Resistance 20.6899
  • Pivot0.6812

There is bearish potential for a fall to 0.6744 while 0.6828 - 0.6853 resist. After this fall a recovery up to 0.6853 or 0.6878 is expected.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point0.6758
  • Entry Point0.6820
  • Trendline 10.6912
  • Trendline 20.6854
  • Elliott0.6969
  • Closing0.6794
  • Ex-Low0.6777
  • Ex-High0.6912
  • Projection0.6754

Supports and Resistance levels

  • Support 10.6744
  • Support 20.6694
  • Resistance 10.6878
  • Resistance 20.6962
  • Pivot0.6828

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