It should be subject to more sell off towards 0.6769 or 0.6757. Corrective upward swings should face resistance around 0.6839 area. A break of 0.6843 is bullish.

Technical Forecast

  • Elliott Wave

    common flat correction up

Key Points

  • Key Point0.6817
  • Entry Point0.6780
  • Trendline 10.6805
  • Trendline 20.6769
  • Elliott0.6743
  • Closing0.6795
  • Ex-Low0.6743
  • Ex-High0.6805
  • Projection0.6841

Supports and Resistance levels

  • Support 10.6757
  • Support 20.6719
  • Resistance 10.6819
  • Resistance 20.6843
  • Pivot0.6781

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