It should trade higher to 1.2900 while 1.2805 or 1.2775 offers support. Stop loss below 1.2744 zone.

Technical Forecast

  • Elliott Wave

    impulse wave up

Key Points

  • Key Point1.2890
  • Entry Point1.2800
  • Trendline 11.2776
  • Trendline 21.2776
  • Elliott1.2710
  • Closing1.2839
  • Ex-Low1.2710
  • Ex-High1.2866
  • Projection1.2919

Supports and Resistance levels

  • Support 11.2744
  • Support 21.2649
  • Resistance 11.2900
  • Resistance 21.2961
  • Pivot1.2805

Currently uptrend should end around 1.2907 - 1.2901 area. A correction down to below 1.2742 is expected. A rise above 1.2963 will abort the expected correction.

Technical Forecast

  • Elliott Wave

    zigzag or flat correction

Key Points

  • Key Point1.2984
  • Entry Point1.2915
  • Trendline 11.2707
  • Trendline 21.2985
  • Elliott1.2429
  • Closing1.2839
  • Ex-Low1.2707
  • Ex-High1.2866
  • Projection1.2890

Supports and Resistance levels

  • Support 11.2742
  • Support 21.2645
  • Resistance 11.2901
  • Resistance 21.2963
  • Pivot1.2804

It should trade higher to above 1.2898 while 1.2612 - 1.2536 offer support. Stop Loss below 1.2326 zone.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point1.2833
  • Entry Point1.2723
  • Trendline 11.2910
  • Trendline 21.2631
  • Elliott1.3298
  • Closing1.2746
  • Ex-Low1.2478
  • Ex-High1.2840
  • Projection1.2269

Supports and Resistance levels

  • Support 11.2536
  • Support 21.2326
  • Resistance 11.2898
  • Resistance 21.3050
  • Pivot1.2688