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