It should test 1.2704 area after which a sell off down to 1.2652 or extended to 1.2617 area is expected.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point1.2676
  • Entry Point1.2688
  • Trendline 11.2721
  • Trendline 21.2679
  • Elliott1.2763
  • Closing1.2688
  • Ex-Low1.2651
  • Ex-High1.2721
  • Projection1.2648

Supports and Resistance levels

  • Support 11.2652
  • Support 21.2617
  • Resistance 11.2722
  • Resistance 21.2756
  • Pivot1.2687

One more dip to 1.2704 or 1.2662 is likely followed by a grind higher to 1.2781 - 1.2815. After which it can resume its downtrend.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point1.2639
  • Entry Point1.2707
  • Trendline 11.2743
  • Trendline 21.2672
  • Elliott1.3173
  • Closing1.2729
  • Ex-Low1.2679
  • Ex-High1.2832
  • Projection1.2499

Supports and Resistance levels

  • Support 11.2662
  • Support 21.2594
  • Resistance 11.2815
  • Resistance 21.2900
  • Pivot1.2747

It looks more likely that it would rise to 1.3042 - 1.3354 from 1.2704 or 1.2548. After which a downside move is expected.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.2532
  • Entry Point1.2853
  • Trendline 11.2926
  • Trendline 21.2926
  • Elliott1.3173
  • Closing1.2729
  • Ex-Low1.2679
  • Ex-High1.3173
  • Projection1.2460

Supports and Resistance levels

  • Support 11.2548
  • Support 21.2367
  • Resistance 11.3042
  • Resistance 21.3354
  • Pivot1.2860