Preferred outlook is for a drift down to below 0.9867. Resistances are at 0.9899 and 0.9902. A rise above 0.9910 would delay but not abort this expected fall.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point0.9895
  • Entry Point0.9898
  • Trendline 10.9922
  • Trendline 20.9900
  • Elliott0.9962
  • Closing0.9899
  • Ex-Low0.9886
  • Ex-High0.9920
  • Projection0.9855

Supports and Resistance levels

  • Support 10.9883
  • Support 20.9867
  • Resistance 10.9918
  • Resistance 20.9937
  • Pivot0.9902

Market should not go lower than 0.9813. After this move down it should go up to 0.9978 area.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point0.9868
  • Entry Point0.9929
  • Trendline 11.0028
  • Trendline 20.9965
  • Elliott1.0236
  • Closing0.9877
  • Ex-Low0.9855
  • Ex-High1.0017
  • Projection0.9684

Supports and Resistance levels

  • Support 10.9816
  • Support 20.9755
  • Resistance 10.9978
  • Resistance 21.0079
  • Pivot0.9917

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