It should try higher up to 0.9818 - 0.9838. Entry point 0.9798 or 0.9780. After this rise, a correction is expected.

Technical Forecast

  • Elliott Wave

    exagerated impulse wave down 0.9740

Key Points

  • Key Point0.9735
  • Entry Point0.9742
  • Trendline 10.9823
  • Trendline 20.9721
  • Elliott1.0168
  • Closing0.9803
  • Ex-Low0.9758
  • Ex-High0.9833
  • Projection0.9740

Supports and Resistance levels

  • Support 10.9763
  • Support 20.9723
  • Resistance 10.9838
  • Resistance 20.9873
  • Pivot0.9798

While below 1.0160 - 1.0207 it is more likely to fall further towards 1.0071 or 1.0029. Premature rise above 1.0207 could see it rising above 1.0292 zone.

Technical Forecast

  • Elliott Wave

    irregular flat correction up 1.0207

Key Points

  • Key Point1.0156
  • Entry Point1.0113
  • Trendline 11.0021
  • Trendline 21.0121
  • Elliott0.9921
  • Closing1.0122
  • Ex-Low1.0021
  • Ex-High1.0199
  • Projection1.0256

Supports and Resistance levels

  • Support 11.0029
  • Support 20.9936
  • Resistance 11.0207
  • Resistance 21.0292
  • Pivot1.0114

It looks more likely that it would rise to 1.0324 - 1.0619 from 0.9935 or 0.9788. After which a downside move is expected.

Technical Forecast

  • Elliott Wave

    zigzag or flat correction 1.0177

Key Points

  • Key Point1.0174
  • Entry Point1.0139
  • Trendline 11.0170
  • Trendline 21.0234
  • Elliott0.9058
  • Closing1.0029
  • Ex-Low0.9842
  • Ex-High1.0378
  • Projection1.0177

Supports and Resistance levels

  • Support 10.9788
  • Support 20.9547
  • Resistance 11.0324
  • Resistance 21.0619
  • Pivot1.0083