Our preferred view is for a drift down to 1.1159 or below 1.1145. Resistances is at 1.1171. A rise above 1.1189 would delay but not abort this expected fall.
Technical Forecast
-
Elliott Wave
common flat correction up
Key Points
- Key Point1.1187
- Entry Point1.1179
- Trendline 11.1156
- Trendline 21.1195
- Elliott1.1116
- Closing1.1174
- Ex-Low1.1160
- Ex-High1.1190
- Projection1.1215
Supports and Resistance levels
- Support 11.1159
- Support 21.1145
- Resistance 11.1189
- Resistance 21.1205
- Pivot1.1175
It should trade higher to 1.1220 or above 1.1267 in extention. Supports at 1.1144 and 1.1121. Stop loss below 1.1069 zone.
Technical Forecast
-
Elliott Wave
flat correction up
Key Points
- Key Point1.1180
- Entry Point1.1142
- Trendline 11.1116
- Trendline 21.1120
- Elliott1.1112
- Closing1.1173
- Ex-Low1.1116
- Ex-High1.1215
- Projection1.1206
Supports and Resistance levels
- Support 11.1121
- Support 21.1069
- Resistance 11.1220
- Resistance 21.1267
- Pivot1.1168
It should register further gains to 1.1254 while 1.1102 - 1.1031 caps downside attempts. Stop loss below 1.0949 zone.
Technical Forecast
-
Elliott Wave
irregular flat correction down
Key Points
- Key Point1.1157
- Entry Point1.1171
- Trendline 11.1225
- Trendline 21.1173
- Elliott1.1570
- Closing1.1173
- Ex-Low1.1112
- Ex-High1.1265
- Projection1.0997
Supports and Resistance levels
- Support 11.1102
- Support 21.1031
- Resistance 11.1254
- Resistance 21.1336
- Pivot1.1183