It should test 1.1315 area after which a sell off down to 1.1252 or extended to 1.1197 area is expected.

Technical Forecast

  • Elliott Wave

    impulse wave up

Key Points

  • Key Point1.1300
  • Entry Point1.1271
  • Trendline 11.1297
  • Trendline 21.1293
  • Elliott1.1242
  • Closing1.1285
  • Ex-Low1.1242
  • Ex-High1.1298
  • Projection1.1302

Supports and Resistance levels

  • Support 11.1252
  • Support 21.1219
  • Resistance 11.1308
  • Resistance 21.1330
  • Pivot1.1275

It may attempt a test higher to 1.1297 - 1.1320 after which weakness may set it to a drift down to 1.1237 limit.

Technical Forecast

  • Elliott Wave

    extension wave down

Key Points

  • Key Point1.1288
  • Entry Point1.1280
  • Trendline 11.1300
  • Trendline 21.1284
  • Elliott1.1470
  • Closing1.1285
  • Ex-Low1.1225
  • Ex-High1.1308
  • Projection1.1186

Supports and Resistance levels

  • Support 11.1237
  • Support 21.1190
  • Resistance 11.1320
  • Resistance 21.1356
  • Pivot1.1273

It should trade lower to 1.1280 - 1.1217. Resistances are at 1.1385 and 1.1426. A break of 1.1553 is bullish, confirmed by a close above 1.1165.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.1232
  • Entry Point1.1366
  • Trendline 11.1470
  • Trendline 21.1439
  • Elliott1.1501
  • Closing1.1299
  • Ex-Low1.1261
  • Ex-High1.1470
  • Projection1.1184

Supports and Resistance levels

  • Support 11.1217
  • Support 21.1134
  • Resistance 11.1426
  • Resistance 21.1553
  • Pivot1.1344