One more dip to 1.0908 - 1.0874 is likely followed by a grind higher to 1.0971 - 1.1000. After which it can resume its downtrend.

Technical Forecast

  • Elliott Wave

    extension wave down 1.0874

  • Trend Warning

    Warning: End of trend

Key Points

  • Key Point1.0913
  • Entry Point1.0953
  • Trendline 11.0998
  • Trendline 21.0975
  • Elliott1.1191
  • Closing1.0931
  • Ex-Low1.0886
  • Ex-High1.1012
  • Projection1.0809

Supports and Resistance levels

  • Support 11.0874
  • Support 21.0817
  • Resistance 11.1000
  • Resistance 21.1069
  • Pivot1.0943

It might hold above 1.0998 or 1.0934 for a rise towards above 1.1146. Stop loss below 1.0850 zone.

Technical Forecast

  • Elliott Wave

    flat correction down 1.0942

  • Trend Warning

    Warning: Imminent end of bearish move

Key Points

  • Key Point1.0919
  • Entry Point1.1014
  • Trendline 11.1176
  • Trendline 21.1011
  • Elliott1.1596
  • Closing1.1017
  • Ex-Low1.0979
  • Ex-High1.1191
  • Projection1.0890

Supports and Resistance levels

  • Support 11.0934
  • Support 21.0850
  • Resistance 11.1146
  • Resistance 21.1274
  • Pivot1.1062

It looks set to visit further lower territory down to around 1.1245 - 1.1128. Its corrective attempts should fail ahead of 1.1245 - 1.1569. Stop loss above 1.1803 zone.

Technical Forecast

  • Elliott Wave

    crucial reversal point

  • Trend Warning

    Warning: Harami

Key Points

  • Key Point1.1314
  • Entry Point1.1385
  • Trendline 11.1476
  • Trendline 21.1469
  • Elliott1.2469
  • Closing1.1335
  • Ex-Low1.1155
  • Ex-High1.1596
  • Projection1.1007

Supports and Resistance levels

  • Support 11.1128
  • Support 21.0921
  • Resistance 11.1569
  • Resistance 21.1803
  • Pivot1.1362