It should trade higher to 1.1294 while 1.1270 or 1.1260 offers support. Stop loss below 1.1251 zone.

Technical Forecast

  • Elliott Wave

    common flat correction up

Key Points

  • Key Point1.1279
  • Entry Point1.1259
  • Trendline 11.1247
  • Trendline 21.1248
  • Elliott1.1246
  • Closing1.1274
  • Ex-Low1.1247
  • Ex-High1.1290
  • Projection1.1304

Supports and Resistance levels

  • Support 11.1251
  • Support 21.1227
  • Resistance 11.1294
  • Resistance 21.1313
  • Pivot1.1270

Currently uptrend should end around 1.1312 - 1.1346 area. A correction down to 1.1247 - 1.1216 is expected. A rise above 1.1408 will abort the expected correction.

Technical Forecast

  • Elliott Wave

    common flat correction up

Key Points

  • Key Point1.1293
  • Entry Point1.1254
  • Trendline 11.1210
  • Trendline 21.1236
  • Elliott1.1184
  • Closing1.1284
  • Ex-Low1.1210
  • Ex-High1.1340
  • Projection1.1349

Supports and Resistance levels

  • Support 11.1216
  • Support 21.1148
  • Resistance 11.1346
  • Resistance 21.1408
  • Pivot1.1278

Current fall is near an end of wave around 1.1201 zone, a rally should then procede to above 1.1335. Fall below 1.1141 would cancel this scenario.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.1240
  • Entry Point1.1262
  • Trendline 11.1364
  • Trendline 21.1273
  • Elliott1.1501
  • Closing1.1261
  • Ex-Low1.1215
  • Ex-High1.1349
  • Projection1.1184

Supports and Resistance levels

  • Support 11.1201
  • Support 21.1141
  • Resistance 11.1335
  • Resistance 21.1409
  • Pivot1.1275