It looks set to visit further lower territory down to around 1.1272 - 1.1252. Its corrective attempts should fail ahead of 1.1303 - 1.1315. Stop loss above 1.1354 zone.

Technical Forecast

  • Elliott Wave

    extended impulse wave down

Key Points

  • Key Point1.1262
  • Entry Point1.1285
  • Trendline 11.1316
  • Trendline 21.1309
  • Elliott1.1514
  • Closing1.1276
  • Ex-Low1.1268
  • Ex-High1.1330
  • Projection1.1181

Supports and Resistance levels

  • Support 11.1252
  • Support 21.1229
  • Resistance 11.1315
  • Resistance 21.1354
  • Pivot1.1291

Market should not go lower than 1.1321 - 1.1275. After this move down it should go up to 1.1391 - 1.1415 area.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point1.1253
  • Entry Point1.1356
  • Trendline 11.1460
  • Trendline 21.1406
  • Elliott1.1514
  • Closing1.1322
  • Ex-Low1.1321
  • Ex-High1.1460
  • Projection1.1151

Supports and Resistance levels

  • Support 11.1275
  • Support 21.1228
  • Resistance 11.1415
  • Resistance 21.1507
  • Pivot1.1368

Current upmove should be ended around 1.1508 - 1.1581. Any correction consolidation should find support in 1.1368 - 1.1301 zone.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point1.1464
  • Entry Point1.1372
  • Trendline 11.1312
  • Trendline 21.1326
  • Elliott1.1216
  • Closing1.1447
  • Ex-Low1.1290
  • Ex-High1.1570
  • Projection1.1586

Supports and Resistance levels

  • Support 11.1301
  • Support 21.1155
  • Resistance 11.1581
  • Resistance 21.1716
  • Pivot1.1435