Market should not go lower than 0.9839 - 0.9816. After this move down it should go up to 0.9875 - 0.9888 area.

Technical Forecast

  • Elliott Wave

    elongated flat correction down

Key Points

  • Key Point0.9832
  • Entry Point0.9867
  • Trendline 10.9875
  • Trendline 20.9875
  • Elliott0.9952
  • Closing0.9841
  • Ex-Low0.9837
  • Ex-High0.9908
  • Projection0.9780

Supports and Resistance levels

  • Support 10.9816
  • Support 20.9790
  • Resistance 10.9888
  • Resistance 20.9934
  • Pivot0.9862

There are initial signs of a good corrective recovery towards 0.9896 or even 0.9916. Supports at 0.9839 and 0.9801 zone.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point0.9788
  • Entry Point0.9870
  • Trendline 10.9866
  • Trendline 20.9908
  • Elliott0.9952
  • Closing0.9841
  • Ex-Low0.9837
  • Ex-High0.9952
  • Projection0.9793

Supports and Resistance levels

  • Support 10.9801
  • Support 20.9761
  • Resistance 10.9916
  • Resistance 20.9991
  • Pivot0.9876

Current fall is near an end of wave around 0.9632 - 0.9502 zone, a rally should then procede to above 0.9955. Fall below 0.9309 would cancel this scenario.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point0.9668
  • Entry Point0.9828
  • Trendline 11.0065
  • Trendline 20.9908
  • Elliott1.0236
  • Closing0.9762
  • Ex-Low0.9694
  • Ex-High1.0017
  • Projection0.9474

Supports and Resistance levels

  • Support 10.9632
  • Support 20.9502
  • Resistance 10.9955
  • Resistance 21.0148
  • Pivot0.9825