There is bearish potential for a fall to 1.2970 - 1.2945 while 1.2996 - 1.3016 resist. After this fall a recovery up to 1.3016 or 1.3037 is expected.

Technical Forecast

  • Elliott Wave

    flat correction down 1.2914

  • Trend Warning

    Warning: Harami

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point1.2976
  • Entry Point1.2999
  • Trendline 11.3024
  • Trendline 21.3017
  • Elliott1.3172
  • Closing1.2985
  • Ex-Low1.2956
  • Ex-High1.3048
  • Projection1.2914

Supports and Resistance levels

  • Support 11.2945
  • Support 21.2904
  • Resistance 11.3037
  • Resistance 21.3088

There are initial signs of a good corrective recovery towards 1.3079 or even 1.3132. Supports at 1.2952 and 1.2879 zone.

Technical Forecast

  • Elliott Wave

    elongated flat correction up 1.3101

  • Trend Warning

    Warning: End of trend

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point1.3062
  • Entry Point1.3018
  • Trendline 11.2937
  • Trendline 21.3128
  • Elliott1.2042
  • Closing1.2985
  • Ex-Low1.2919
  • Ex-High1.3172
  • Projection1.3184

Supports and Resistance levels

  • Support 11.2879
  • Support 21.2773
  • Resistance 11.3132
  • Resistance 21.3278

It should trade higher to 1.2766 or above 1.2954 in extention. Supports at 1.2356 and 1.2262. Stop loss below 1.1946 zone.

Technical Forecast

  • Elliott Wave

    crucial reversal point

  • Trend Warning

    Warning: Low Zone - Harami

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point1.2870
  • Entry Point1.2456
  • Trendline 11.2518
  • Trendline 21.2601
  • Elliott1.2042
  • Closing1.2578
  • Ex-Low1.2134
  • Ex-High1.2638
  • Projection1.3486

Supports and Resistance levels

  • Support 11.2262
  • Support 21.1946
  • Resistance 11.2766
  • Resistance 21.2954