It should trade higher to 1.2647 while 1.2602 or 1.2588 offers support. Stop loss below 1.2574 zone.

Technical Forecast

  • Elliott Wave

    correction zigzag

Key Points

  • Key Point1.2643
  • Entry Point1.2600
  • Trendline 11.2593
  • Trendline 21.2593
  • Elliott1.2557
  • Closing1.2618
  • Ex-Low1.2557
  • Ex-High1.2630
  • Projection1.2648

Supports and Resistance levels

  • Support 11.2574
  • Support 21.2529
  • Resistance 11.2647
  • Resistance 21.2675
  • Pivot1.2602

Support at 1.2633 or 1.2579 should hold the downside for a correction to above 1.2748 zone.

Technical Forecast

  • Elliott Wave

    elongated flat resistance in downtrend

Key Points

  • Key Point1.2570
  • Entry Point1.2607
  • Trendline 11.2731
  • Trendline 21.2657
  • Elliott1.3400
  • Closing1.2641
  • Ex-Low1.2626
  • Ex-High1.2795
  • Projection1.2318

Supports and Resistance levels

  • Support 11.2579
  • Support 21.2518
  • Resistance 11.2748
  • Resistance 21.2856
  • Pivot1.2687

There is bearish potential for a fall to 1.2633 - 1.2378 while 1.2889 - 1.3020 resist. After this fall a recovery up to 1.3020 or 1.3152 is expected.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.2598
  • Entry Point1.3014
  • Trendline 11.3071
  • Trendline 21.3071
  • Elliott1.3424
  • Closing1.2641
  • Ex-Low1.2626
  • Ex-High1.3400
  • Projection1.2306

Supports and Resistance levels

  • Support 11.2378
  • Support 21.2115
  • Resistance 11.3152
  • Resistance 21.3663
  • Pivot1.2889