Market should not go lower than 1.2812. After this move down it should go up to 1.2901 - 1.2919 area.

Technical Forecast

  • Elliott Wave

    elongated flat correction down

Key Points

  • Key Point1.2820
  • Entry Point1.2885
  • Trendline 11.2942
  • Trendline 21.2918
  • Elliott1.2996
  • Closing1.2858
  • Ex-Low1.2845
  • Ex-High1.2944
  • Projection1.2767

Supports and Resistance levels

  • Support 11.2821
  • Support 21.2784
  • Resistance 11.2919
  • Resistance 21.2981
  • Pivot1.2882

One more dip to 1.2898 is likely followed by a grind higher to 1.3079. After which it can resume its downtrend.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.2901
  • Entry Point1.3000
  • Trendline 11.3128
  • Trendline 21.2995
  • Elliott1.3218
  • Closing1.2943
  • Ex-Low1.2854
  • Ex-High1.3103
  • Projection1.2879

Supports and Resistance levels

  • Support 11.2830
  • Support 21.2718
  • Resistance 11.3079
  • Resistance 21.3216
  • Pivot1.2967

It should trade higher to 1.3406 while 1.2918 or 1.2768 offers support. Stop loss below 1.2618 zone.

Technical Forecast

  • Elliott Wave

    null

Key Points

  • Key Point1.3389
  • Entry Point1.2909
  • Trendline 11.2741
  • Trendline 21.2741
  • Elliott1.2429
  • Closing1.3106
  • Ex-Low1.2429
  • Ex-High1.3218
  • Projection1.3835

Supports and Resistance levels

  • Support 11.2618
  • Support 21.2129
  • Resistance 11.3406
  • Resistance 21.3706
  • Pivot1.2918