Current rise should end around 1.1088 or 1.1095. Objectives of this downmove are 1.1068 or 1.1053. A rise above 1.1108 is again bullish.

Technical Forecast

  • Elliott Wave

    irregular flat correction up

Key Points

  • Key Point1.1112
  • Entry Point1.1101
  • Trendline 11.1061
  • Trendline 21.1129
  • Elliott1.0981
  • Closing1.1082
  • Ex-Low1.1066
  • Ex-High1.1093
  • Projection1.1097

Supports and Resistance levels

  • Support 11.1068
  • Support 21.1053
  • Resistance 11.1095
  • Resistance 21.1108
  • Pivot1.1081

Market should hold major support at 1.0971 before rising towards 1.1040 or even 1.1061 limit.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point1.0998
  • Entry Point1.0999
  • Trendline 11.1032
  • Trendline 21.0967
  • Elliott1.1097
  • Closing1.1018
  • Ex-Low1.0981
  • Ex-High1.1032
  • Projection1.0989

Supports and Resistance levels

  • Support 11.0989
  • Support 21.0960
  • Resistance 11.1040
  • Resistance 21.1061
  • Pivot1.1010

It looks more likely that it would rise to 1.1135 - 1.1252 from 1.1000 or 1.0941. After which a downside move is expected.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.0958
  • Entry Point1.1092
  • Trendline 11.0981
  • Trendline 21.1083
  • Elliott1.1179
  • Closing1.1018
  • Ex-Low1.0981
  • Ex-High1.1175
  • Projection1.0879

Supports and Resistance levels

  • Support 11.0941
  • Support 21.0864
  • Resistance 11.1135
  • Resistance 21.1252
  • Pivot1.1058