Preferred view is for a fall to 1.1220 - 1.1192 while 1.1264 - 1.1279 area resists. A clear break of 1.1336 would be bullish.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.1180
  • Entry Point1.1243
  • Trendline 11.1258
  • Trendline 21.1258
  • Elliott1.1307
  • Closing1.1222
  • Ex-Low1.1219
  • Ex-High1.1307
  • Projection1.1189

Supports and Resistance levels

  • Support 11.1192
  • Support 21.1162
  • Resistance 11.1279
  • Resistance 21.1336
  • Pivot1.1249

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