Resistances lie around 1.1402 and 1.1416. It should test lower towards 1.1353 zone. A clear break of 1.1356 would be bearish.

Technical Forecast

  • Elliott Wave

    irregular flat correction up

Key Points

  • Key Point1.1386
  • Entry Point1.1379
  • Trendline 11.1355
  • Trendline 21.1400
  • Elliott1.1311
  • Closing1.1380
  • Ex-Low1.1360
  • Ex-High1.1423
  • Projection1.1418

Supports and Resistance levels

  • Support 11.1353
  • Support 21.1325
  • Resistance 11.1416
  • Resistance 21.1451
  • Pivot1.1388

Current upmove should be ended around 1.1402 - 1.1432. Any correction consolidation should find support in 1.1346 - 1.1320 zone.

Technical Forecast

  • Elliott Wave

    flat correction up

Key Points

  • Key Point1.1394
  • Entry Point1.1364
  • Trendline 11.1311
  • Trendline 21.1355
  • Elliott1.1267
  • Closing1.1380
  • Ex-Low1.1311
  • Ex-High1.1423
  • Projection1.1472

Supports and Resistance levels

  • Support 11.1320
  • Support 21.1260
  • Resistance 11.1432
  • Resistance 21.1484
  • Pivot1.1372

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