Strength can extend to 1.1304 or 1.1330 as declines are expected to find support at 1.1259 or 1.1240. A fall below 1.1188 could turn it bearish.

Technical Forecast

  • Elliott Wave

    common flat correction up

Key Points

  • Key Point1.1313
  • Entry Point1.1270
  • Trendline 11.1219
  • Trendline 21.1265
  • Elliott1.1181
  • Closing1.1292
  • Ex-Low1.1226
  • Ex-High1.1316
  • Projection1.1343

Supports and Resistance levels

  • Support 11.1240
  • Support 21.1188
  • Resistance 11.1330
  • Resistance 21.1368
  • Pivot1.1278

It should register further gains to 1.1254 while 1.1102 - 1.1031 caps downside attempts. Stop loss below 1.0949 zone.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point1.1157
  • Entry Point1.1171
  • Trendline 11.1225
  • Trendline 21.1173
  • Elliott1.1570
  • Closing1.1173
  • Ex-Low1.1112
  • Ex-High1.1265
  • Projection1.0997

Supports and Resistance levels

  • Support 11.1102
  • Support 21.1031
  • Resistance 11.1254
  • Resistance 21.1336
  • Pivot1.1183