It should try higher up to 1.3422. Entry point 1.3402 or 1.3389. After this rise, a correction is expected.

Technical Forecast

  • Elliott Wave

    zigzag or flat correction

Key Points

  • Key Point1.3435
  • Entry Point1.3399
  • Trendline 11.3398
  • Trendline 21.3405
  • Elliott1.3363
  • Closing1.3415
  • Ex-Low1.3363
  • Ex-High1.3429
  • Projection1.3440

Supports and Resistance levels

  • Support 11.3376
  • Support 21.3337
  • Resistance 11.3442
  • Resistance 21.3468
  • Pivot1.3402

Current rise should end around 1.3579. Objectives of this downmove are 1.3443 or 1.3369. A rise above 1.3640 is again bullish.

Technical Forecast

  • Elliott Wave

    elongated flat correction up

Key Points

  • Key Point1.3548
  • Entry Point1.3507
  • Trendline 11.3430
  • Trendline 21.3502
  • Elliott1.3357
  • Closing1.3518
  • Ex-Low1.3430
  • Ex-High1.3565
  • Projection1.3610

Supports and Resistance levels

  • Support 11.3443
  • Support 21.3369
  • Resistance 11.3579
  • Resistance 21.3640
  • Pivot1.3504

Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3603 or 1.3603 if support around 1.3480 hold. After which a pullback to 1.3480 - 1.3438 zone is possible.

Technical Forecast

  • Elliott Wave

    flat correction up

Key Points

  • Key Point1.3578
  • Entry Point1.3498
  • Trendline 11.3399
  • Trendline 21.3471
  • Elliott1.3069
  • Closing1.3518
  • Ex-Low1.3357
  • Ex-High1.3565
  • Projection1.3665

Supports and Resistance levels

  • Support 11.3395
  • Support 21.3273
  • Resistance 11.3603
  • Resistance 21.3688
  • Pivot1.3480