Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3261 or 1.3285 if support around 1.3211 hold. After which a pullback to 1.3211 - 1.3188 zone is possible.

Technical Forecast

  • Elliott Wave

    extended impulse wave up

Key Points

  • Key Point1.3280
  • Entry Point1.3208
  • Trendline 11.3180
  • Trendline 21.3180
  • Elliott1.3137
  • Closing1.3239
  • Ex-Low1.3137
  • Ex-High1.3257
  • Projection1.3292

Supports and Resistance levels

  • Support 11.3164
  • Support 21.3090
  • Resistance 11.3285
  • Resistance 21.3332
  • Pivot1.3211

It should trade higher to 1.3201 while 1.3119 or 1.3093 offers support. Stop loss below 1.3067 zone.

Technical Forecast

  • Elliott Wave

    flat correction up

Key Points

  • Key Point1.3196
  • Entry Point1.3102
  • Trendline 11.3036
  • Trendline 21.3047
  • Elliott1.3025
  • Closing1.3150
  • Ex-Low1.3036
  • Ex-High1.3170
  • Projection1.3270

Supports and Resistance levels

  • Support 11.3067
  • Support 21.2984
  • Resistance 11.3201
  • Resistance 21.3253
  • Pivot1.3119

It may meet resistance in 1.3080 - 1.3125 zone for a drift down to 1.2980 zone, after which bounce to 1.3226 is anticipated.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.3013
  • Entry Point1.2989
  • Trendline 11.3266
  • Trendline 21.2977
  • Elliott1.3856
  • Closing1.3080
  • Ex-Low1.3025
  • Ex-High1.3270
  • Projection1.2864

Supports and Resistance levels

  • Support 11.2980
  • Support 21.2880
  • Resistance 11.3226
  • Resistance 21.3371
  • Pivot1.3125