It should try higher up to 1.3275 - 1.3286. Entry point 1.3263 or 1.3255. After this rise, a correction is expected.

Technical Forecast

  • Elliott Wave

    elongated flat correction down

Key Points

  • Key Point1.3277
  • Entry Point1.3239
  • Trendline 11.3284
  • Trendline 21.3206
  • Elliott1.3565
  • Closing1.3269
  • Ex-Low1.3240
  • Ex-High1.3281
  • Projection1.3238

Supports and Resistance levels

  • Support 11.3246
  • Support 21.3223
  • Resistance 11.3286
  • Resistance 21.3304
  • Pivot1.3263

Market should not go lower than 1.3272 - 1.3186. After this move down it should go up to 1.3404 - 1.3451 area.

Technical Forecast

  • Elliott Wave

    extension wave down

Key Points

  • Key Point1.3238
  • Entry Point1.3373
  • Trendline 11.3527
  • Trendline 21.3489
  • Elliott1.3565
  • Closing1.3281
  • Ex-Low1.3263
  • Ex-High1.3527
  • Projection1.3101

Supports and Resistance levels

  • Support 11.3186
  • Support 21.3092
  • Resistance 11.3451
  • Resistance 21.3621
  • Pivot1.3357

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