It should try higher up to 1.2183. Entry point 1.2158 or 1.2142. After this rise, a correction is expected.

Technical Forecast

  • Elliott Wave

    correction zigzag

Key Points

  • Key Point1.2203
  • Entry Point1.2155
  • Trendline 11.2164
  • Trendline 21.2109
  • Elliott1.2107
  • Closing1.2176
  • Ex-Low1.2107
  • Ex-High1.2190
  • Projection1.2231

Supports and Resistance levels

  • Support 11.2126
  • Support 21.2075
  • Resistance 11.2208
  • Resistance 21.2240
  • Pivot1.2158

While below 1.2357 - 1.2409 it might drop to 1.2178 or 1.2074.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.2250
  • Entry Point1.2340
  • Trendline 11.2305
  • Trendline 21.2305
  • Elliott1.2431
  • Closing1.2283
  • Ex-Low1.2200
  • Ex-High1.2431
  • Projection1.2200

Supports and Resistance levels

  • Support 11.2178
  • Support 21.2074
  • Resistance 11.2409
  • Resistance 21.2535
  • Pivot1.2305

While below 1.2339 - 1.2438 it could fall towards below 1.1864. Rise above 1.2557 could activate some bullish pattern.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.2190
  • Entry Point1.2482
  • Trendline 11.2464
  • Trendline 21.2464
  • Elliott1.2775
  • Closing1.2339
  • Ex-Low1.2201
  • Ex-High1.2775
  • Projection1.1991

Supports and Resistance levels

  • Support 11.2102
  • Support 21.1864
  • Resistance 11.2675
  • Resistance 21.3012
  • Pivot1.2438