Market should pop up towards 1.2780 or 1.2795 this bullish scenario would be damaged if 1.2743 - 1.2721 zone is broken, a severe break down could then occur.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point1.2730
  • Entry Point1.2760
  • Trendline 11.2809
  • Trendline 21.2769
  • Elliott1.2850
  • Closing1.2751
  • Ex-Low1.2735
  • Ex-High1.2810
  • Projection1.2725

Supports and Resistance levels

  • Support 11.2721
  • Support 21.2691
  • Resistance 11.2795
  • Resistance 21.2840
  • Pivot1.2765

It might hold above 1.2738 or 1.2697 for a rise towards above 1.2835. Stop loss below 1.2642 zone.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.2690
  • Entry Point1.2737
  • Trendline 11.2803
  • Trendline 21.2759
  • Elliott1.3174
  • Closing1.2751
  • Ex-Low1.2725
  • Ex-High1.2864
  • Projection1.2696

Supports and Resistance levels

  • Support 11.2697
  • Support 21.2642
  • Resistance 11.2835
  • Resistance 21.2918
  • Pivot1.2780

While below 1.2963 - 1.3042 it might drop to 1.2592 or 1.2433.

Technical Forecast

  • Elliott Wave

    common flat resistance in downtrend

Key Points

  • Key Point1.2719
  • Entry Point1.2926
  • Trendline 11.3175
  • Trendline 21.3113
  • Elliott1.3298
  • Closing1.2751
  • Ex-Low1.2724
  • Ex-High1.3174
  • Projection1.2269

Supports and Resistance levels

  • Support 11.2592
  • Support 21.2433
  • Resistance 11.3042
  • Resistance 21.3333
  • Pivot1.2883