Any possible decline should be supported around 1.1762 - 1.1735 zone for rally to above 1.1848. A clear break of 1.1705 will damage this expected rally.

Technical Forecast

  • Elliott Wave

    common flat correction up

Key Points

  • Key Point1.1782
  • Entry Point1.1776
  • Trendline 11.1765
  • Trendline 21.1773
  • Elliott1.1757
  • Closing1.1788
  • Ex-Low1.1765
  • Ex-High1.1822
  • Projection1.1821

Supports and Resistance levels

  • Support 11.1762
  • Support 21.1735
  • Resistance 11.1818
  • Resistance 21.1848
  • Pivot1.1792

Strength can extend to 1.1824 or 1.1886 as declines are expected to find support at 1.1713 or 1.1664. A fall below 1.1539 could turn it bearish.

Technical Forecast

  • Elliott Wave

    common flat correction up

Key Points

  • Key Point1.1827
  • Entry Point1.1750
  • Trendline 11.1638
  • Trendline 21.1721
  • Elliott1.1555
  • Closing1.1788
  • Ex-Low1.1638
  • Ex-High1.1860
  • Projection1.1880

Supports and Resistance levels

  • Support 11.1664
  • Support 21.1539
  • Resistance 11.1886
  • Resistance 21.1984
  • Pivot1.1762

Support at 1.1611 or 1.1522 should hold the downside for a correction to above 1.1827 zone.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point1.1568
  • Entry Point1.1657
  • Trendline 11.1880
  • Trendline 21.1667
  • Elliott1.2092
  • Closing1.1648
  • Ex-Low1.1575
  • Ex-High1.1880
  • Projection1.1423

Supports and Resistance levels

  • Support 11.1522
  • Support 21.1396
  • Resistance 11.1827
  • Resistance 21.2006
  • Pivot1.1701