It may meet resistance in 1.0417 - 1.0451 zone for a drift down to 1.0375 zone, after which bounce to 1.0493 is anticipated.

Technical Forecast

  • Elliott Wave

    crucial reversal point

  • Trend Warning

    Warning: Imminent end of bearish move

Key Points

  • Key Point1.0366
  • Entry Point1.0398
  • Trendline 11.0499
  • Trendline 21.0426
  • Elliott1.0930
  • Closing1.0417
  • Ex-Low1.0409
  • Ex-High1.0527
  • Projection0.9459

Supports and Resistance levels

  • Support 11.0375
  • Support 21.0333
  • Resistance 11.0493
  • Resistance 21.0569
  • Pivot1.0451

Market should not go lower than 1.0413 - 1.0241. After this move down it should go up to 1.0673 - 1.0762 area.

Technical Forecast

  • Elliott Wave

    extended impulse wave down 1.0268

  • Trend Warning

    Warning: End of trend - Imminent end of bearish move

Key Points

  • Key Point1.0361
  • Entry Point1.0616
  • Trendline 11.0929
  • Trendline 21.0842
  • Elliott1.1107
  • Closing1.0417
  • Ex-Low1.0409
  • Ex-High1.0930
  • Projection1.0268

Supports and Resistance levels

  • Support 11.0241
  • Support 21.0064
  • Resistance 11.0762
  • Resistance 21.1106
  • Pivot1.0585

Market should not go lower than 1.0413 - 1.0182. After this move down it should go up to 1.0762 - 1.0880 area.

Technical Forecast

  • Elliott Wave

    crucial reversal point

  • Trend Warning

    Warning: End of trend - Imminent end of bearish move

Key Points

  • Key Point1.0210
  • Entry Point1.0669
  • Trendline 11.1076
  • Trendline 21.0859
  • Elliott1.2469
  • Closing1.0417
  • Ex-Low1.0409
  • Ex-High1.1107
  • Projection0.9318

Supports and Resistance levels

  • Support 11.0182
  • Support 20.9946
  • Resistance 11.0880
  • Resistance 21.1342
  • Pivot1.0644