It looks more likely that it would rise to 0.6832 - 0.6878 from 0.6771 or 0.6747. After which a downside move is expected.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point0.6772
  • Entry Point0.6806
  • Trendline 10.6787
  • Trendline 20.6787
  • Elliott0.6841
  • Closing0.6785
  • Ex-Low0.6756
  • Ex-High0.6841
  • Projection0.6756

Supports and Resistance levels

  • Support 10.6747
  • Support 20.6709
  • Resistance 10.6832
  • Resistance 20.6878
  • Pivot0.6794

Prefer a fall to 0.6744 or 0.6706. Then a correction to 0.6811 is anticipated. A clear break of 0.6649 is again bearish.

Technical Forecast

  • Elliott Wave

    correction zigzag

Key Points

  • Key Point0.6752
  • Entry Point0.6748
  • Trendline 10.6725
  • Trendline 20.6762
  • Elliott0.6688
  • Closing0.6764
  • Ex-Low0.6725
  • Ex-High0.6859
  • Projection0.6830

Supports and Resistance levels

  • Support 10.6706
  • Support 20.6649
  • Resistance 10.6840
  • Resistance 20.6917
  • Pivot0.6783

Market should not go lower than 0.6754 - 0.6652. After this move down it should go up to 0.6916 - 0.6976 area.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point0.6647
  • Entry Point-8.5783
  • Trendline 10.6925
  • Trendline 20.6925
  • Elliott56.3392
  • Closing0.6773
  • Ex-Low0.6736
  • Ex-High0.7060
  • Projection-33.7205

Supports and Resistance levels

  • Support 10.6652
  • Support 20.6532
  • Resistance 10.6976
  • Resistance 20.7180
  • Pivot0.6856