Uptrend is still intact. It should continue to rally to 1.1368 or 1.1392 if supports at 1.1324 - 1.1314 area hold. Stop loss below 1.1303.

Technical Forecast

  • Elliott Wave

    flat correction up

Key Points

  • Key Point1.1338
  • Entry Point1.1327
  • Trendline 11.1317
  • Trendline 21.1323
  • Elliott1.1177
  • Closing1.1327
  • Ex-Low1.1300
  • Ex-High1.1344
  • Projection1.1420

Supports and Resistance levels

  • Support 11.1303
  • Support 21.1280
  • Resistance 11.1347
  • Resistance 21.1368
  • Pivot1.1324

If market stays below 1.1336 a fall to 1.1251 is expected. If market breaks the point 1.1373 it could reach the sky.

Technical Forecast

  • Elliott Wave

    flat correction up

Key Points

  • Key Point1.1370
  • Entry Point1.1300
  • Trendline 11.1336
  • Trendline 21.1305
  • Elliott1.1177
  • Closing1.1327
  • Ex-Low1.1222
  • Ex-High1.1344
  • Projection1.1420

Supports and Resistance levels

  • Support 11.1251
  • Support 21.1175
  • Resistance 11.1373
  • Resistance 21.1420
  • Pivot1.1298

It may attempt a test higher to 1.1429 - 1.1494 after which weakness may set it to a drift down to 1.1240 limit.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.1379
  • Entry Point1.1407
  • Trendline 11.1488
  • Trendline 21.1407
  • Elliott1.1570
  • Closing1.1370
  • Ex-Low1.1234
  • Ex-High1.1488
  • Projection1.1216

Supports and Resistance levels

  • Support 11.1240
  • Support 21.1110
  • Resistance 11.1494
  • Resistance 21.1618
  • Pivot1.1364