It is likely to fall towards 0.9911 - 0.9885 as its corrective rally could falter in 0.9959 - 0.9980 area. Stop above 1.0033 zone.

Technical Forecast

  • Elliott Wave

    extension wave down

Key Points

  • Key Point0.9922
  • Entry Point0.9952
  • Trendline 10.9990
  • Trendline 20.9972
  • Elliott1.0008
  • Closing0.9927
  • Ex-Low0.9895
  • Ex-High0.9990
  • Projection0.9883

Supports and Resistance levels

  • Support 10.9885
  • Support 20.9842
  • Resistance 10.9980
  • Resistance 21.0033
  • Pivot0.9937

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