Market should not go lower than 1.2976 - 1.2917. After this move down it should go up to 1.3074 - 1.3114 area.

Technical Forecast

  • Elliott Wave

    elongated flat correction down 1.2916

  • Trend Warning

    Warning: Imminent end of bearish move

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point1.2963
  • Entry Point1.3044
  • Trendline 11.3153
  • Trendline 21.3098
  • Elliott1.3209
  • Closing1.2996
  • Ex-Low1.2957
  • Ex-High1.3153
  • Projection1.2916

Supports and Resistance levels

  • Support 11.2917
  • Support 21.2839
  • Resistance 11.3114
  • Resistance 21.3232

Current fall is near an end of wave around 1.2899 zone, a rally should then procede to above 1.3151. Fall below 1.2802 would cancel this scenario.

Technical Forecast

  • Elliott Wave

    irregular flat correction down 1.2885

  • Trend Warning

    Warning: Imminent end of bearish move

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point1.2908
  • Entry Point1.2960
  • Trendline 11.3209
  • Trendline 21.2937
  • Elliott1.3481
  • Closing1.2996
  • Ex-Low1.2957
  • Ex-High1.3209
  • Projection1.2701

Supports and Resistance levels

  • Support 11.2899
  • Support 21.2802
  • Resistance 11.3151
  • Resistance 21.3306

While below 1.3193 or 1.3224 it could fall towards below 1.2967 or 1.2742. After which a corrective/consolidation activity is expected to 1.3336 zone.

Technical Forecast

  • Elliott Wave

    flat correction down 1.2924

  • Trend Warning

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point1.2937
  • Entry Point1.3209
  • Trendline 11.2999
  • Trendline 21.3118
  • Elliott1.3481
  • Closing1.3192
  • Ex-Low1.2999
  • Ex-High1.3481
  • Projection1.2880

Supports and Resistance levels

  • Support 11.2967
  • Support 21.2742
  • Resistance 11.3449
  • Resistance 21.3706