Supports at 1.1301 and 1.1291 should hold the downward correction . After which a big upmove could occur . Stop loss below 1.1291 limit.

Technical Forecast

  • Elliott Wave

    irregular flat correction up

Key Points

  • Key Point1.1335
  • Entry Point1.1318
  • Trendline 11.1293
  • Trendline 21.1334
  • Elliott1.1116
  • Closing1.1312
  • Ex-Low1.1290
  • Ex-High1.1331
  • Projection1.1424

Supports and Resistance levels

  • Support 11.1291
  • Support 21.1270
  • Resistance 11.1332
  • Resistance 21.1352
  • Pivot1.1311

Uptrend is still intact in a triangle configuration. It should continue to rally to 1.1364 or 1.1401 if support around 1.1280 hold. After which a pullback to 1.1280 - 1.1247 zone is possible.

Technical Forecast

  • Elliott Wave

    impulse wave up

Key Points

  • Key Point1.1413
  • Entry Point1.1260
  • Trendline 11.1151
  • Trendline 21.1204
  • Elliott1.1112
  • Closing1.1333
  • Ex-Low1.1160
  • Ex-High1.1348
  • Projection1.1451

Supports and Resistance levels

  • Support 11.1213
  • Support 21.1093
  • Resistance 11.1401
  • Resistance 21.1468
  • Pivot1.1280

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