It looks set to visit further lower territory down to around 0.6797 - 0.6768. Its corrective attempts should fail ahead of 0.6848 - 0.6871. Stop loss above 0.6928 zone.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point0.6793
  • Entry Point0.6838
  • Trendline 10.6845
  • Trendline 20.6845
  • Elliott0.6884
  • Closing0.6813
  • Ex-Low0.6781
  • Ex-High0.6884
  • Projection0.6781

Supports and Resistance levels

  • Support 10.6768
  • Support 20.6723
  • Resistance 10.6871
  • Resistance 20.6928
  • Pivot0.6826

Market should not go lower than 0.6797 - 0.6750. After this move down it should go up to 0.6875 - 0.6907 area.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point0.6766
  • Entry Point0.6852
  • Trendline 10.6938
  • Trendline 20.6896
  • Elliott0.6980
  • Closing0.6813
  • Ex-Low0.6781
  • Ex-High0.6938
  • Projection0.6718

Supports and Resistance levels

  • Support 10.6750
  • Support 20.6687
  • Resistance 10.6907
  • Resistance 20.7001
  • Pivot0.6844

Market should not go lower than 0.6852 - 0.6727. After this move down it should go up to 0.7056 - 0.7135 area.

Technical Forecast

  • Elliott Wave

    resistance in a flat correction

Key Points

  • Key Point0.6748
  • Entry Point0.6994
  • Trendline 10.7249
  • Trendline 20.7028
  • Elliott0.7559
  • Closing0.6885
  • Ex-Low0.6818
  • Ex-High0.7227
  • Projection0.6360

Supports and Resistance levels

  • Support 10.6727
  • Support 20.6568
  • Resistance 10.7135
  • Resistance 20.7385
  • Pivot0.6977