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