Prefer a fall to 1.1171 or 1.1151. Then a correction to 1.1200 is anticipated. A clear break of 1.1132 is again bearish.

Technical Forecast

  • Elliott Wave

    extension wave down

Key Points

  • Key Point1.1163
  • Entry Point1.1195
  • Trendline 11.1170
  • Trendline 21.1179
  • Elliott1.1231
  • Closing1.1171
  • Ex-Low1.1170
  • Ex-High1.1228
  • Projection1.1120

Supports and Resistance levels

  • Support 11.1151
  • Support 21.1132
  • Resistance 11.1209
  • Resistance 21.1248
  • Pivot1.1190

Current rise should end around 1.1266. Objectives of this downmove are 1.1120 or 1.1039. A rise above 1.1330 is again bullish.

Technical Forecast

  • Elliott Wave

    zigzag or flat correction

Key Points

  • Key Point1.1233
  • Entry Point1.1188
  • Trendline 11.1104
  • Trendline 21.1181
  • Elliott1.1027
  • Closing1.1201
  • Ex-Low1.1104
  • Ex-High1.1250
  • Projection1.1265

Supports and Resistance levels

  • Support 11.1120
  • Support 21.1039
  • Resistance 11.1266
  • Resistance 21.1330
  • Pivot1.1185

There is bearish potential for a fall to 1.0967 while 1.1169 - 1.1224 resist. After this fall a recovery up to 1.1224 or 1.1278 is expected.

Technical Forecast

  • Elliott Wave

    elongated flat correction down

Key Points

  • Key Point1.1025
  • Entry Point1.1188
  • Trendline 11.1371
  • Trendline 21.1330
  • Elliott1.1412
  • Closing1.1076
  • Ex-Low1.1060
  • Ex-High1.1371
  • Projection1.0927

Supports and Resistance levels

  • Support 11.0967
  • Support 21.0858
  • Resistance 11.1278
  • Resistance 21.1480
  • Pivot1.1169