Current fall is near an end of wave around 0.9887 zone, a rally should then procede to above 0.9940. Fall below 0.9862 would cancel this scenario.

Technical Forecast

  • Elliott Wave

    extension wave down

Key Points

  • Key Point0.9893
  • Entry Point0.9910
  • Trendline 10.9946
  • Trendline 20.9897
  • Elliott1.0008
  • Closing0.9912
  • Ex-Low0.9890
  • Ex-High0.9943
  • Projection0.9883

Supports and Resistance levels

  • Support 10.9887
  • Support 20.9862
  • Resistance 10.9940
  • Resistance 20.9968
  • Pivot0.9915

Market should not go lower than 0.9901 - 0.9866. After this move down it should go up to 0.9960 - 0.9983 area.

Technical Forecast

  • Elliott Wave

    elongated flat correction down

Key Points

  • Key Point0.9875
  • Entry Point0.9942
  • Trendline 10.9956
  • Trendline 20.9956
  • Elliott1.0008
  • Closing0.9912
  • Ex-Low0.9890
  • Ex-High1.0008
  • Projection0.9848

Supports and Resistance levels

  • Support 10.9866
  • Support 20.9819
  • Resistance 10.9983
  • Resistance 21.0055
  • Pivot0.9937

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