It should trade higher to 1.3294 while 1.3228 or 1.3209 offers support. Stop loss below 1.3190 zone.

Technical Forecast

  • Elliott Wave

    extended impulse wave up

Key Points

  • Key Point1.3301
  • Entry Point1.3225
  • Trendline 11.3161
  • Trendline 21.3185
  • Elliott1.3137
  • Closing1.3257
  • Ex-Low1.3161
  • Ex-High1.3265
  • Projection1.3292

Supports and Resistance levels

  • Support 11.3190
  • Support 21.3123
  • Resistance 11.3294
  • Resistance 21.3332
  • Pivot1.3228

Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3286 or 1.3318 if support around 1.3204 hold. After which a pullback to 1.3204 - 1.3173 zone is possible.

Technical Forecast

  • Elliott Wave

    irregular flat correction up

Key Points

  • Key Point1.3337
  • Entry Point1.3193
  • Trendline 11.3081
  • Trendline 21.3142
  • Elliott1.3025
  • Closing1.3257
  • Ex-Low1.3089
  • Ex-High1.3265
  • Projection1.3422

Supports and Resistance levels

  • Support 11.3142
  • Support 21.3027
  • Resistance 11.3318
  • Resistance 21.3380
  • Pivot1.3204

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