Bullish reaction to above 1.0949 is anticipated from 1.0893 - 1.0883 zone. Stop loss below 1.0855 zone.

Technical Forecast

  • Elliott Wave

    flat correction down 1.0847

  • Trend Warning

    Warning: Harami

Key Points

  • Key Point1.0880
  • Entry Point1.0917
  • Trendline 11.0878
  • Trendline 21.0885
  • Elliott1.0989
  • Closing1.0893
  • Ex-Low1.0872
  • Ex-High1.0966
  • Projection1.0847

Supports and Resistance levels

  • Support 11.0855
  • Support 21.0816
  • Resistance 11.0949
  • Resistance 21.1004
  • Pivot1.0910

Market should pop up towards 1.1048 or 1.1115 this bullish scenario would be damaged if 1.0952 - 1.0949 zone is broken, a severe break down could then occur.

Technical Forecast

  • Elliott Wave

    crucial reversal point

Key Points

  • Key Point1.0961
  • Entry Point1.0894
  • Trendline 11.0847
  • Trendline 21.0856
  • Elliott1.0838
  • Closing1.0973
  • Ex-Low1.0847
  • Ex-High1.1123
  • Projection1.1128

Supports and Resistance levels

  • Support 11.0839
  • Support 21.0705
  • Resistance 11.1115
  • Resistance 21.1257
  • Pivot1.0981

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