It is a triangle configuration. Market should break either side. Acceleration should occur above 1.0119 or under 1.0023 limits.

Technical Forecast

  • Elliott Wave

    elongated flat correction down 0.9962

Key Points

  • Key Point0.9999
  • Entry Point1.0059
  • Trendline 11.0022
  • Trendline 21.0030
  • Elliott1.0119
  • Closing1.0035
  • Ex-Low1.0023
  • Ex-High1.0119
  • Projection0.9949

Supports and Resistance levels

  • Support 10.9999
  • Support 20.9963
  • Resistance 11.0095
  • Resistance 21.0155
  • Pivot1.0059

There is bearish potential for a fall to 0.9931 while 1.0154 - 1.0224 resist. After this fall a recovery up to 1.0224 or 1.0295 is expected.

Technical Forecast

  • Elliott Wave

    crucial reversal point

  • Trend Warning

    Warning: Engulfing pattern

Key Points

  • Key Point0.9946
  • Entry Point1.0162
  • Trendline 11.0207
  • Trendline 21.0207
  • Elliott1.0378
  • Closing1.0071
  • Ex-Low1.0014
  • Ex-High1.0378
  • Projection0.9757

Supports and Resistance levels

  • Support 10.9931
  • Support 20.9790
  • Resistance 11.0295
  • Resistance 21.0518
  • Pivot1.0154

There are initial signs of a good corrective recovery towards 1.0117 or even 1.0237. Supports at 0.9872 and 0.9746 zone.

Technical Forecast

  • Elliott Wave

    crucial reversal point

Key Points

  • Key Point1.0266
  • Entry Point1.0186
  • Trendline 10.9757
  • Trendline 21.0456
  • Elliott0.9058
  • Closing0.9986
  • Ex-Low0.9757
  • Ex-High1.0248
  • Projection1.0177

Supports and Resistance levels

  • Support 10.9746
  • Support 20.9506
  • Resistance 11.0237
  • Resistance 21.0488
  • Pivot0.9997