Decline should be supported around 1.1295 - 1.1280 zone for rally to above 1.1332. A clear break of 1.1280 will damage this expected rally.

Technical Forecast

  • Elliott Wave

    irregular flat correction up

Key Points

  • Key Point1.1316
  • Entry Point1.1313
  • Trendline 11.1301
  • Trendline 21.1323
  • Elliott1.1246
  • Closing1.1311
  • Ex-Low1.1301
  • Ex-High1.1338
  • Projection1.1340

Supports and Resistance levels

  • Support 11.1295
  • Support 21.1280
  • Resistance 11.1332
  • Resistance 21.1353
  • Pivot1.1317

Uptrend is still intact in a triangle configuration. It should continue to rally to 1.1333 or 1.1350 if support around 1.1298 hold. After which a pullback to 1.1298 - 1.1279 zone is possible.

Technical Forecast

  • Elliott Wave

    irregular flat correction up

Key Points

  • Key Point1.1330
  • Entry Point1.1295
  • Trendline 11.1250
  • Trendline 21.1283
  • Elliott1.1184
  • Closing1.1311
  • Ex-Low1.1246
  • Ex-High1.1338
  • Projection1.1349

Supports and Resistance levels

  • Support 11.1259
  • Support 21.1207
  • Resistance 11.1350
  • Resistance 21.1390
  • Pivot1.1298

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