One move lower to 1.2644 or 1.2591 is anticipated while below 1.2712 - 1.2739 area. Stop loss above 1.2781 zone.

Technical Forecast

  • Elliott Wave

    common flat correction up

Key Points

  • Key Point1.2738
  • Entry Point1.2701
  • Trendline 11.2628
  • Trendline 21.2722
  • Elliott1.2506
  • Closing1.2696
  • Ex-Low1.2632
  • Ex-High1.2728
  • Projection1.2759

Supports and Resistance levels

  • Support 11.2644
  • Support 21.2591
  • Resistance 11.2739
  • Resistance 21.2781
  • Pivot1.2686

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