It should try higher up to 1.0008 - 1.0022. Entry point 0.9994 or 0.9985. After this rise, a correction is expected.

Technical Forecast

  • Elliott Wave

    extended impulse wave up

Key Points

  • Key Point1.0018
  • Entry Point0.9992
  • Trendline 10.9986
  • Trendline 20.9986
  • Elliott0.9966
  • Closing1.0004
  • Ex-Low0.9966
  • Ex-High1.0013
  • Projection1.0020

Supports and Resistance levels

  • Support 10.9976
  • Support 20.9948
  • Resistance 11.0022
  • Resistance 21.0040
  • Pivot0.9994

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