Market should not go lower than 1.1311 - 1.1282. After this move down it should go up to 1.1359 - 1.1377 area.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.1311
  • Entry Point1.1355
  • Trendline 11.1400
  • Trendline 21.1399
  • Elliott1.1402
  • Closing1.1317
  • Ex-Low1.1306
  • Ex-High1.1400
  • Projection1.1267

Supports and Resistance levels

  • Support 11.1282
  • Support 21.1246
  • Resistance 11.1377
  • Resistance 21.1436
  • Pivot1.1341

It is likely to fall towards 1.1292 - 1.1256 as its corrective rally could falter in 1.1359 - 1.1390 area. Stop above 1.1463 zone.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.1300
  • Entry Point1.1328
  • Trendline 11.1402
  • Trendline 21.1331
  • Elliott1.1472
  • Closing1.1317
  • Ex-Low1.1267
  • Ex-High1.1402
  • Projection1.1216

Supports and Resistance levels

  • Support 11.1256
  • Support 21.1195
  • Resistance 11.1390
  • Resistance 21.1463
  • Pivot1.1329

It is likely to fall towards 1.1189 - 1.1060 unless a corrective rally breaks the 1.1408 resistance. Stop above 1.1473 zone.

Technical Forecast

  • Elliott Wave

    resistance in a flat correction

Key Points

  • Key Point1.1246
  • Entry Point1.1320
  • Trendline 11.1435
  • Trendline 21.1342
  • Elliott1.1815
  • Closing1.1317
  • Ex-Low1.1216
  • Ex-High1.1500
  • Projection1.0983

Supports and Resistance levels

  • Support 11.1189
  • Support 21.1060
  • Resistance 11.1473
  • Resistance 21.1628
  • Pivot1.1344