Current rise seems to be over near 1.1704 or 1.1731 for a retracement towards 1.1676 - 1.1660 area.

Technical Forecast

  • Elliott Wave

    extended impulse wave up

Key Points

  • Key Point1.1733
  • Entry Point1.1663
  • Trendline 11.1621
  • Trendline 21.1622
  • Elliott1.1619
  • Closing1.1699
  • Ex-Low1.1621
  • Ex-High1.1708
  • Projection1.1743

Supports and Resistance levels

  • Support 11.1643
  • Support 21.1588
  • Resistance 11.1731
  • Resistance 21.1764
  • Pivot1.1676

Uptrend is still intact in a triangle configuration. It should continue to rally to 1.1655 or 1.1666 if support around 1.1600 hold. After which a pullback to 1.1600 - 1.1581 zone is possible.

Technical Forecast

  • Elliott Wave

    irregular flat correction up

Key Points

  • Key Point1.1666
  • Entry Point1.1597
  • Trendline 11.1529
  • Trendline 21.1580
  • Elliott1.1479
  • Closing1.1626
  • Ex-Low1.1535
  • Ex-High1.1640
  • Projection1.1657

Supports and Resistance levels

  • Support 11.1561
  • Support 21.1496
  • Resistance 11.1666
  • Resistance 21.1705
  • Pivot1.1600

It should try higher up to 1.1616 - 1.1662. Entry point 1.1571 or 1.1527. After this rise, a correction is expected.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.1491
  • Entry Point1.1516
  • Trendline 11.1725
  • Trendline 21.1334
  • Elliott1.2006
  • Closing1.1575
  • Ex-Low1.1479
  • Ex-High1.1657
  • Projection1.1448

Supports and Resistance levels

  • Support 11.1484
  • Support 21.1393
  • Resistance 11.1662
  • Resistance 21.1748
  • Pivot1.1571