Current upmove should be ended around 1.1394 - 1.1419. Any correction consolidation should find support in 1.1349 - 1.1327 zone.

Technical Forecast

  • Elliott Wave

    irregular flat correction up

Key Points

  • Key Point1.1386
  • Entry Point1.1350
  • Trendline 11.1321
  • Trendline 21.1331
  • Elliott1.1311
  • Closing1.1376
  • Ex-Low1.1321
  • Ex-High1.1412
  • Projection1.1418

Supports and Resistance levels

  • Support 11.1327
  • Support 21.1278
  • Resistance 11.1419
  • Resistance 21.1461
  • Pivot1.1370

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