Market should not go lower than 1.0005 - 0.9979. After this move down it should go up to 1.0045 - 1.0059 area.
Technical Forecast
-
Elliott Wave
elongated flat correction down
Key Points
- Key Point0.9993
- Entry Point1.0033
- Trendline 11.0082
- Trendline 21.0064
- Elliott1.0099
- Closing1.0008
- Ex-Low1.0001
- Ex-High1.0081
- Projection0.9954
Supports and Resistance levels
- Support 10.9979
- Support 20.9950
- Resistance 11.0059
- Resistance 21.0110
- Pivot1.0030
There is bearish potential for a fall to 0.9973 while 1.0036 - 1.0053 resist. After this fall a recovery up to 1.0053 or 1.0071 is expected.
Technical Forecast
-
Elliott Wave
flat correction down
Key Points
- Key Point1.0002
- Entry Point1.0037
- Trendline 11.0085
- Trendline 21.0076
- Elliott1.0236
- Closing1.0008
- Ex-Low1.0001
- Ex-High1.0099
- Projection0.9895
Supports and Resistance levels
- Support 10.9973
- Support 20.9939
- Resistance 11.0071
- Resistance 21.0133
- Pivot1.0036
It looks more likely that it would rise to 1.0156 - 1.0303 from 1.0005 or 0.9931. After which a downside move is expected.
Technical Forecast
-
Elliott Wave
flat correction down
Key Points
- Key Point0.9902
- Entry Point1.0100
- Trendline 11.0030
- Trendline 21.0073
- Elliott1.0236
- Closing1.0008
- Ex-Low1.0001
- Ex-High1.0226
- Projection0.9895
Supports and Resistance levels
- Support 10.9931
- Support 20.9854
- Resistance 11.0156
- Resistance 21.0303
- Pivot1.0079