Market should hold major support at 1.1632 before rising towards 1.1711 or even 1.1736 limit.

Technical Forecast

  • Elliott Wave

    flat correction up

Key Points

  • Key Point1.1720
  • Entry Point1.1667
  • Trendline 11.1667
  • Trendline 21.1662
  • Elliott1.1613
  • Closing1.1685
  • Ex-Low1.1613
  • Ex-High1.1687
  • Projection1.1723

Supports and Resistance levels

  • Support 11.1636
  • Support 21.1588
  • Resistance 11.1711
  • Resistance 21.1736
  • Pivot1.1662

It should register gains to 1.1779. Corrective decline should be supported in 1.1649 - 1.1602 area. Stop Loss below 1.1519 zone.

Technical Forecast

  • Elliott Wave

    flat correction up

Key Points

  • Key Point1.1679
  • Entry Point1.1656
  • Trendline 11.1633
  • Trendline 21.1656
  • Elliott1.1509
  • Closing1.1685
  • Ex-Low1.1613
  • Ex-High1.1791
  • Projection1.1850

Supports and Resistance levels

  • Support 11.1602
  • Support 21.1519
  • Resistance 11.1779
  • Resistance 21.1874
  • Pivot1.1696

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Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point-5.8799
  • Entry Point-5.8745
  • Trendline 1-9.3786
  • Trendline 21.1615
  • Elliott22.3473
  • Closing1.1684
  • Ex-Low1.1509
  • Ex-High1.1850
  • Projection1.1555

Supports and Resistance levels

  • Support 11.1512
  • Support 21.1340
  • Resistance 11.1853
  • Resistance 21.2022
  • Pivot1.1681