Market should hold major support at 1.1626 before rising towards 1.1686 or even 1.1708 limit.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point1.1655
  • Entry Point1.1663
  • Trendline 11.1685
  • Trendline 21.1656
  • Elliott1.1714
  • Closing1.1664
  • Ex-Low1.1640
  • Ex-High1.1685
  • Projection1.1619

Supports and Resistance levels

  • Support 11.1641
  • Support 21.1618
  • Resistance 11.1686
  • Resistance 21.1708
  • Pivot1.1663

Uptrend is still intact in a triangle configuration. It should continue to rally to 1.1749 or 1.1742 if support around 1.1674 hold. After which a pullback to 1.1674 - 1.1656 zone is possible.

Technical Forecast

  • Elliott Wave

    elongated flat correction up

Key Points

  • Key Point1.1756
  • Entry Point1.1684
  • Trendline 11.1601
  • Trendline 21.1676
  • Elliott1.1479
  • Closing1.1707
  • Ex-Low1.1606
  • Ex-High1.1709
  • Projection1.1767

Supports and Resistance levels

  • Support 11.1638
  • Support 21.1570
  • Resistance 11.1742
  • Resistance 21.1777
  • Pivot1.1674

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