It is likely to fall towards 1.3288 - 1.3251 as its corrective rally could falter in 1.3361 - 1.3397 area. Stop above 1.3472 zone.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.3316
  • Entry Point1.3347
  • Trendline 11.3400
  • Trendline 21.3356
  • Elliott1.3445
  • Closing1.3322
  • Ex-Low1.3254
  • Ex-High1.3400
  • Projection1.3269

Supports and Resistance levels

  • Support 11.3251
  • Support 21.3179
  • Resistance 11.3397
  • Resistance 21.3472
  • Pivot1.3325

Current upmove should be ended around 1.3384 - 1.3458. Any correction consolidation should find support in 1.3241 - 1.3174 zone.

Technical Forecast

  • Elliott Wave

    common flat correction up

Key Points

  • Key Point1.3342
  • Entry Point1.3251
  • Trendline 11.3288
  • Trendline 21.3288
  • Elliott1.3160
  • Closing1.3322
  • Ex-Low1.3160
  • Ex-High1.3445
  • Projection1.3445

Supports and Resistance levels

  • Support 11.3174
  • Support 21.3025
  • Resistance 11.3458
  • Resistance 21.3593
  • Pivot1.3309

Current rise should end around 1.3415. Objectives of this downmove are 1.3104 or 1.2921. A rise above 1.3543 is again bullish.

Technical Forecast

  • Elliott Wave

    irregular flat correction up

Key Points

  • Key Point1.3423
  • Entry Point1.3302
  • Trendline 11.3049
  • Trendline 21.3315
  • Elliott1.2783
  • Closing1.3287
  • Ex-Low1.3049
  • Ex-High1.3360
  • Projection1.3501

Supports and Resistance levels

  • Support 11.3104
  • Support 21.2921
  • Resistance 11.3415
  • Resistance 21.3543
  • Pivot1.3232