Uptrend is still intact in a triangle configuration. It should continue to rally to 1.2608 or 1.2599 if support around 1.2558 hold. After which a pullback to 1.2558 - 1.2547 zone is possible.

Technical Forecast

  • Elliott Wave

    zigzag or flat correction

Key Points

  • Key Point1.2607
  • Entry Point1.2565
  • Trendline 11.2530
  • Trendline 21.2554
  • Elliott1.2440
  • Closing1.2578
  • Ex-Low1.2517
  • Ex-High1.2580
  • Projection1.2622

Supports and Resistance levels

  • Support 11.2537
  • Support 21.2496
  • Resistance 11.2599
  • Resistance 21.2620
  • Pivot1.2558

It should test 1.2713 area after which a sell off down to 1.2485 or extended to 1.2393 area is expected.

Technical Forecast

  • Elliott Wave

    zigzag or flat correction

Key Points

  • Key Point1.2645
  • Entry Point1.2543
  • Trendline 11.2575
  • Trendline 21.2477
  • Elliott1.2440
  • Closing1.2578
  • Ex-Low1.2440
  • Ex-High1.2580
  • Projection1.2652

Supports and Resistance levels

  • Support 11.2485
  • Support 21.2393
  • Resistance 11.2625
  • Resistance 21.2672
  • Pivot1.2532

It should test 1.2801 area after which a sell off down to 1.2541 or extended to 1.2385 area is expected.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.2749
  • Entry Point1.2624
  • Trendline 11.2847
  • Trendline 21.2585
  • Elliott1.3381
  • Closing1.2697
  • Ex-Low1.2506
  • Ex-High1.2784
  • Projection1.2429

Supports and Resistance levels

  • Support 11.2541
  • Support 21.2385
  • Resistance 11.2819
  • Resistance 21.2940
  • Pivot1.2662