Market should hold major support at 1.2460 before rising towards 1.2593 or even 1.2620 limit.

Technical Forecast

  • Elliott Wave

    flat correction up

Key Points

  • Key Point1.2604
  • Entry Point1.2545
  • Trendline 11.2556
  • Trendline 21.2531
  • Elliott1.2486
  • Closing1.2565
  • Ex-Low1.2486
  • Ex-High1.2567
  • Projection1.2604

Supports and Resistance levels

  • Support 11.2512
  • Support 21.2459
  • Resistance 11.2593
  • Resistance 21.2620
  • Pivot1.2540

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