It may meet resistance in 1.0632 - 1.0669 zone for a drift down to 1.0574 zone, after which bounce to 1.0727 is anticipated.

Technical Forecast

  • Elliott Wave

    resistance in an extended wave down 1.0689

  • Trend Warning

    Warning: Imminent end of bearish move

Key Points

  • Key Point1.0576
  • Entry Point1.0646
  • Trendline 11.0797
  • Trendline 21.0610
  • Elliott1.0930
  • Closing1.0632
  • Ex-Low1.0611
  • Ex-High1.0764
  • Projection1.0532

Supports and Resistance levels

  • Support 11.0574
  • Support 21.0516
  • Resistance 11.0727
  • Resistance 21.0822
  • Pivot1.0669

There is bearish potential for a fall to 1.0775 while 1.0910 - 1.0947 resist. After this fall a recovery up to 1.0947 or 1.0985 is expected.

Technical Forecast

  • Elliott Wave

    flat correction down 1.0759

Key Points

  • Key Point1.0757
  • Entry Point1.0907
  • Trendline 11.1046
  • Trendline 21.0985
  • Elliott1.1107
  • Closing1.0849
  • Ex-Low1.0836
  • Ex-High1.1046
  • Projection1.0732

Supports and Resistance levels

  • Support 11.0775
  • Support 21.0700
  • Resistance 11.0985
  • Resistance 21.1120
  • Pivot1.0910

Market should not go lower than 1.0786 - 1.0596. After this move down it should go up to 1.1084 - 1.1193 area.

Technical Forecast

  • Elliott Wave

    crucial reversal point 1.1007

  • Trend Warning

    Warning: Imminent end of bearish move

Key Points

  • Key Point1.0782
  • Entry Point1.0995
  • Trendline 11.1334
  • Trendline 21.1114
  • Elliott1.2469
  • Closing1.0814
  • Ex-Low1.0758
  • Ex-High1.1355
  • Projection1.0465

Supports and Resistance levels

  • Support 11.0596
  • Support 21.0379
  • Resistance 11.1193
  • Resistance 21.1573
  • Pivot1.0976