Preferred outlook is for a drift down to below 1.1132. Resistances are at 1.1164 and 1.1169. A rise above 1.1177 would delay but not abort this expected fall.

Technical Forecast

  • Elliott Wave

    extension wave down

Key Points

  • Key Point1.1156
  • Entry Point1.1166
  • Trendline 11.1181
  • Trendline 21.1173
  • Elliott1.1278
  • Closing1.1164
  • Ex-Low1.1154
  • Ex-High1.1191
  • Projection1.1144

Supports and Resistance levels

  • Support 11.1148
  • Support 21.1132
  • Resistance 11.1185
  • Resistance 21.1206
  • Pivot1.1169

Market should not go lower than 1.1175 - 1.1140. After this move down it should go up to 1.1228 - 1.1247 area.

Technical Forecast

  • Elliott Wave

    common flat resistance in downtrend

Key Points

  • Key Point1.1161
  • Entry Point1.1202
  • Trendline 11.1247
  • Trendline 21.1264
  • Elliott1.1477
  • Closing1.1178
  • Ex-Low1.1171
  • Ex-High1.1278
  • Projection1.0967

Supports and Resistance levels

  • Support 11.1140
  • Support 21.1102
  • Resistance 11.1247
  • Resistance 21.1316
  • Pivot1.1209

While above 1.1175 - 1.1086 zone a corrective dip could test 1.1263 or 1.1355.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point1.1050
  • Entry Point1.1275
  • Trendline 11.1172
  • Trendline 21.1181
  • Elliott1.1477
  • Closing1.1178
  • Ex-Low1.1171
  • Ex-High1.1440
  • Projection1.0967

Supports and Resistance levels

  • Support 11.1086
  • Support 21.0995
  • Resistance 11.1355
  • Resistance 21.1531
  • Pivot1.1263