It should trade lower to 1.1248. Resistances are at 1.1284 and 1.1298. A break of 1.1321 is bullish, confirmed by a close above 1.1298.

Technical Forecast

  • Elliott Wave

    impulse wave up

Key Points

  • Key Point1.1284
  • Entry Point1.1261
  • Trendline 11.1275
  • Trendline 21.1264
  • Elliott1.1238
  • Closing1.1271
  • Ex-Low1.1238
  • Ex-High1.1275
  • Projection1.1286

Supports and Resistance levels

  • Support 11.1248
  • Support 21.1225
  • Resistance 11.1284
  • Resistance 21.1298
  • Pivot1.1261

It should test 1.1332 area after which a sell off down to 1.1214 or extended to 1.1158 area is expected.

Technical Forecast

  • Elliott Wave

    zigzag or flat correction

Key Points

  • Key Point1.1301
  • Entry Point1.1247
  • Trendline 11.1287
  • Trendline 21.1223
  • Elliott1.1193
  • Closing1.1271
  • Ex-Low1.1193
  • Ex-High1.1286
  • Projection1.1329

Supports and Resistance levels

  • Support 11.1214
  • Support 21.1158
  • Resistance 11.1306
  • Resistance 21.1342
  • Pivot1.1250

Current rise seems to be over near 1.1391 or 1.1468 for a retracement towards 1.1314 - 1.1265 area.

Technical Forecast

  • Elliott Wave

    flat correction up

Key Points

  • Key Point1.1455
  • Entry Point1.1294
  • Trendline 11.1160
  • Trendline 21.1208
  • Elliott1.1112
  • Closing1.1370
  • Ex-Low1.1160
  • Ex-High1.1412
  • Projection1.1570

Supports and Resistance levels

  • Support 11.1216
  • Support 21.1062
  • Resistance 11.1468
  • Resistance 21.1566
  • Pivot1.1314