It is likely to fall towards 1.2558 - 1.2522 as its corrective rally could falter in 1.2626 - 1.2658 area. Stop above 1.2730 zone.
Technical Forecast
-
Elliott Wave
flat correction down
Key Points
- Key Point1.2586
- Entry Point1.2621
- Trendline 11.2666
- Trendline 21.2646
- Elliott1.2686
- Closing1.2586
- Ex-Low1.2530
- Ex-High1.2666
- Projection1.2478
Supports and Resistance levels
- Support 11.2522
- Support 21.2458
- Resistance 11.2658
- Resistance 21.2730
- Pivot1.2594
One more dip to 1.2532 - 1.2456 is likely followed by a grind higher to 1.2672 - 1.2737. After which it can resume its downtrend.
Technical Forecast
-
Elliott Wave
elongated flat correction down
Key Points
- Key Point1.2570
- Entry Point1.2630
- Trendline 11.2724
- Trendline 21.2676
- Elliott1.3174
- Closing1.2586
- Ex-Low1.2478
- Ex-High1.2759
- Projection1.2401
Supports and Resistance levels
- Support 11.2456
- Support 21.2326
- Resistance 11.2737
- Resistance 21.2889
- Pivot1.2607
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