Current fall is near an end of wave around 1.2801 - 1.2772 zone, a rally should then procede to above 1.2862. Fall below 1.2739 would cancel this scenario.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point1.2810
  • Entry Point1.2825
  • Trendline 11.2880
  • Trendline 21.2795
  • Elliott1.2945
  • Closing1.2829
  • Ex-Low1.2805
  • Ex-High1.2866
  • Projection1.2804

Supports and Resistance levels

  • Support 11.2801
  • Support 21.2772
  • Resistance 11.2862
  • Resistance 21.2895
  • Pivot1.2833

Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3008 or 1.2990 if support around 1.2893 hold. After which a pullback to 1.2893 - 1.2867 zone is possible.

Technical Forecast

  • Elliott Wave

    elongated flat correction up

Key Points

  • Key Point1.3004
  • Entry Point1.2907
  • Trendline 11.2835
  • Trendline 21.2858
  • Elliott1.2674
  • Closing1.2937
  • Ex-Low1.2797
  • Ex-High1.2945
  • Projection1.3028

Supports and Resistance levels

  • Support 11.2841
  • Support 21.2744
  • Resistance 11.2990
  • Resistance 21.3042
  • Pivot1.2893

One move lower to 1.2759 or 1.2581 is anticipated while below 1.2941 - 1.3031 area. Stop loss above 1.3124 zone.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point1.3258
  • Entry Point1.3046
  • Trendline 11.2620
  • Trendline 21.3255
  • Elliott1.1676
  • Closing1.2937
  • Ex-Low1.2674
  • Ex-High1.2945
  • Projection1.3400

Supports and Resistance levels

  • Support 11.2759
  • Support 21.2581
  • Resistance 11.3031
  • Resistance 21.3124
  • Pivot1.2852