Decline should be supported around 0.9964 - 0.9947 zone for rally to above 0.9997. A clear break of 0.9947 will damage this expected rally.

Technical Forecast

  • Elliott Wave

    irregular flat correction up

Key Points

  • Key Point0.9989
  • Entry Point0.9985
  • Trendline 10.9978
  • Trendline 20.9988
  • Elliott0.9918
  • Closing0.9980
  • Ex-Low0.9965
  • Ex-High0.9998
  • Projection1.0006

Supports and Resistance levels

  • Support 10.9964
  • Support 20.9947
  • Resistance 10.9997
  • Resistance 21.0015
  • Pivot0.9981

It should trade higher to 1.0023 or above 1.0059 in extention. Supports at 0.9953 and 0.9935. Stop loss below 0.9882 zone.

Technical Forecast

  • Elliott Wave

    zigzag or flat correction

Key Points

  • Key Point1.0014
  • Entry Point0.9958
  • Trendline 10.9947
  • Trendline 20.9945
  • Elliott0.9909
  • Closing0.9988
  • Ex-Low0.9918
  • Ex-High1.0006
  • Projection1.0045

Supports and Resistance levels

  • Support 10.9935
  • Support 20.9882
  • Resistance 11.0023
  • Resistance 21.0059
  • Pivot0.9971

It looks more likely that it would rise to 1.0108 - 1.0228 from 0.9949 or 0.9889. After which a downside move is expected.

Technical Forecast

  • Elliott Wave

    common flat correction up

Key Points

  • Key Point1.0063
  • Entry Point1.0047
  • Trendline 11.0013
  • Trendline 21.0093
  • Elliott0.9543
  • Closing0.9988
  • Ex-Low0.9909
  • Ex-High1.0128
  • Projection1.0068

Supports and Resistance levels

  • Support 10.9889
  • Support 20.9789
  • Resistance 11.0108
  • Resistance 21.0228
  • Pivot1.0008