Market should not go lower than 1.2605 - 1.2571. After this move down it should go up to 1.2662 - 1.2685 area.

Technical Forecast

  • Elliott Wave

    extension wave down

Key Points

  • Key Point1.2604
  • Entry Point1.2647
  • Trendline 11.2691
  • Trendline 21.2696
  • Elliott1.2763
  • Closing1.2616
  • Ex-Low1.2595
  • Ex-High1.2709
  • Projection1.2576

Supports and Resistance levels

  • Support 11.2571
  • Support 21.2526
  • Resistance 11.2685
  • Resistance 21.2753
  • Pivot1.2640

Market should not go lower than 1.2605 - 1.2545. After this move down it should go up to 1.2700 - 1.2735 area.

Technical Forecast

  • Elliott Wave

    elongated flat correction down

Key Points

  • Key Point1.2561
  • Entry Point1.2634
  • Trendline 11.2718
  • Trendline 21.2688
  • Elliott1.3173
  • Closing1.2616
  • Ex-Low1.2595
  • Ex-High1.2785
  • Projection1.2499

Supports and Resistance levels

  • Support 11.2545
  • Support 21.2475
  • Resistance 11.2735
  • Resistance 21.2855
  • Pivot1.2665

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