There is bearish potential for a fall to 0.9861 while 0.9902 - 0.9915 resist. After this fall a recovery up to 0.9915 or 0.9928 is expected.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point0.9864
  • Entry Point0.9913
  • Trendline 10.9944
  • Trendline 20.9942
  • Elliott0.9946
  • Closing0.9887
  • Ex-Low0.9876
  • Ex-High0.9944
  • Projection0.9847

Supports and Resistance levels

  • Support 10.9861
  • Support 20.9835
  • Resistance 10.9928
  • Resistance 20.9970
  • Pivot0.9902

One more dip to 0.9867 - 0.9827 is likely followed by a grind higher to 0.9937 - 0.9967. After which it can resume its downtrend.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point0.9868
  • Entry Point0.9933
  • Trendline 10.9998
  • Trendline 20.9945
  • Elliott1.0038
  • Closing0.9887
  • Ex-Low0.9847
  • Ex-High0.9987
  • Projection0.9211

Supports and Resistance levels

  • Support 10.9827
  • Support 20.9767
  • Resistance 10.9967
  • Resistance 21.0047
  • Pivot0.9907

Currently uptrend should end around 1.0189 - 1.0114 area. A correction down to below 0.9756 is expected. A rise above 1.0255 will abort the expected correction.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point1.0888
  • Entry Point1.0736
  • Trendline 10.9681
  • Trendline 21.1489
  • Elliott0.7873
  • Closing0.9972
  • Ex-Low0.9681
  • Ex-High1.0038
  • Projection1.0947

Supports and Resistance levels

  • Support 10.9756
  • Support 20.9540
  • Resistance 11.0114
  • Resistance 21.0255
  • Pivot0.9897