Resistances lie around 1.1048 and 1.1079. It should test lower towards 1.0947 zone. A clear break of 1.0990 would be bearish.

Technical Forecast

  • Elliott Wave

    flat correction up 1.1089

Key Points

  • Key Point1.1046
  • Entry Point1.1029
  • Trendline 11.0954
  • Trendline 21.1070
  • Elliott1.0838
  • Closing1.1010
  • Ex-Low1.0954
  • Ex-High1.1086
  • Projection1.1045

Supports and Resistance levels

  • Support 11.0947
  • Support 21.0885
  • Resistance 11.1079
  • Resistance 21.1149
  • Pivot1.1017

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