It should trade higher to above 1.1049 while 1.1000 - 1.0987 offer support. Stop Loss below 1.0952 zone.

Technical Forecast

  • Elliott Wave

    flat correction down 1.0958

  • Trend Warning

    Warning: Low Zone - Harami

Key Points

  • Key Point1.1020
  • Entry Point1.1023
  • Trendline 11.1025
  • Trendline 21.1021
  • Elliott1.1104
  • Closing1.1021
  • Ex-Low1.0980
  • Ex-High1.1042
  • Projection1.0998

Supports and Resistance levels

  • Support 11.0987
  • Support 21.0952
  • Resistance 11.1049
  • Resistance 21.1076
  • Pivot1.1014

Currently uptrend should end around 1.1067 - 1.1129 area. A correction down to below 1.0889 is expected. A rise above 1.1236 will abort the expected correction.

Technical Forecast

  • Elliott Wave

    common flat correction up 1.1123

Key Points

  • Key Point1.1076
  • Entry Point1.1003
  • Trendline 11.0864
  • Trendline 21.0996
  • Elliott1.0732
  • Closing1.1021
  • Ex-Low1.0864
  • Ex-High1.1104
  • Projection1.1123

Supports and Resistance levels

  • Support 11.0889
  • Support 21.0756
  • Resistance 11.1129
  • Resistance 21.1236
  • Pivot1.0996

Market should not go lower than 1.0786 - 1.0596. After this move down it should go up to 1.1084 - 1.1193 area.

Technical Forecast

  • Elliott Wave

    crucial reversal point 1.1007

  • Trend Warning

    Warning: Imminent end of bearish move

Key Points

  • Key Point1.0782
  • Entry Point1.0995
  • Trendline 11.1334
  • Trendline 21.1114
  • Elliott1.2469
  • Closing1.0814
  • Ex-Low1.0758
  • Ex-High1.1355
  • Projection1.0465

Supports and Resistance levels

  • Support 11.0596
  • Support 21.0379
  • Resistance 11.1193
  • Resistance 21.1573
  • Pivot1.0976