It is likely to fall towards 121.001221 - 120.608925 unless a corrective rally breaks the 121.654816 resistance. Stop above 121.850967 zone.

Technical Forecast

  • Elliott Wave

    null

Key Points

  • Key Point121.37
  • Entry Point121.54
  • Trendline 1121.81
  • Trendline 2121.73
  • Elliott123.09
  • Closing121.39
  • Ex-Low121.07
  • Ex-High121.92
  • Projection121.12

Supports and Resistance levels

  • Support 1121.00
  • Support 2120.61
  • Resistance 1121.85
  • Resistance 2122.31
  • Pivot121.46

Market should not go lower than 120.990509 - 119.581345. After this move down it should go up to 123.140518 - 123.881363 area.

Technical Forecast

  • Elliott Wave

    elongated flat resistance in downtrend

Key Points

  • Key Point119.80
  • Entry Point122.40
  • Trendline 1125.28
  • Trendline 2123.62
  • Elliott127.50
  • Closing121.06
  • Ex-Low120.92
  • Ex-High125.22
  • Projection118.90

Supports and Resistance levels

  • Support 1119.58
  • Support 2118.10
  • Resistance 1123.88
  • Resistance 2126.70
  • Pivot122.40