Our preferred view is for a drift down to 1.1186 or below 1.1174. Resistances is at 1.1197. A rise above 1.1210 would delay but not abort this expected fall.

Technical Forecast

  • Elliott Wave

    flat correction up

Key Points

  • Key Point1.1206
  • Entry Point1.1201
  • Trendline 11.1189
  • Trendline 21.1204
  • Elliott1.1119
  • Closing1.1198
  • Ex-Low1.1186
  • Ex-High1.1211
  • Projection1.1218

Supports and Resistance levels

  • Support 11.1186
  • Support 21.1174
  • Resistance 11.1210
  • Resistance 21.1222
  • Pivot1.1198

It should test 1.1264 area after which a sell off down to 1.1142 or extended to 1.1087 area is expected.

Technical Forecast

  • Elliott Wave

    correction zigzag

Key Points

  • Key Point1.1231
  • Entry Point1.1175
  • Trendline 11.1204
  • Trendline 21.1149
  • Elliott1.1119
  • Closing1.1197
  • Ex-Low1.1119
  • Ex-High1.1207
  • Projection1.1256

Supports and Resistance levels

  • Support 11.1142
  • Support 21.1087
  • Resistance 11.1230
  • Resistance 21.1263
  • Pivot1.1175

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