Market should hold major support at 1.2508 before rising towards 1.2579 or even 1.2601 limit.

Technical Forecast

  • Elliott Wave

    correction zigzag

Key Points

  • Key Point1.2579
  • Entry Point1.2542
  • Trendline 11.2543
  • Trendline 21.2506
  • Elliott1.2506
  • Closing1.2557
  • Ex-Low1.2506
  • Ex-High1.2565
  • Projection1.2603

Supports and Resistance levels

  • Support 11.2520
  • Support 21.2484
  • Resistance 11.2579
  • Resistance 21.2601
  • Pivot1.2543

Market should not go lower than 1.2602 - 1.2410. After this move down it should go up to 1.2911 - 1.3028 area.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.2600
  • Entry Point1.2857
  • Trendline 11.3089
  • Trendline 21.3157
  • Elliott1.3381
  • Closing1.2644
  • Ex-Low1.2559
  • Ex-High1.3177
  • Projection1.2429

Supports and Resistance levels

  • Support 11.2410
  • Support 21.2176
  • Resistance 11.3028
  • Resistance 21.3411
  • Pivot1.2793