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