There are initial signs of a good corrective recovery towards 1.3188 or even 1.3200. Supports at 1.3154 and 1.3132 zone.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.3130
  • Entry Point1.3174
  • Trendline 11.3150
  • Trendline 21.3234
  • Elliott1.3218
  • Closing1.3157
  • Ex-Low1.3150
  • Ex-High1.3218
  • Projection1.3124

Supports and Resistance levels

  • Support 11.3132
  • Support 21.3107
  • Resistance 11.3200
  • Resistance 21.3244
  • Pivot1.3175

It might hold above 1.3080 or 1.3032 for a rise towards above 1.3180. Stop loss below 1.2981 zone.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.2987
  • Entry Point1.3066
  • Trendline 11.3225
  • Trendline 21.3064
  • Elliott1.3386
  • Closing1.3083
  • Ex-Low1.3077
  • Ex-High1.3225
  • Projection1.2989

Supports and Resistance levels

  • Support 11.3032
  • Support 21.2981
  • Resistance 11.3180
  • Resistance 21.3276
  • Pivot1.3128

Strength can extend to 1.3261 or 1.3395 as declines are expected to find support at 1.2997 or 1.2868. A fall below 1.2600 could turn it bearish.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point1.3162
  • Entry Point1.3066
  • Trendline 11.2928
  • Trendline 21.3025
  • Elliott1.2528
  • Closing1.3136
  • Ex-Low1.2859
  • Ex-High1.3386
  • Projection10.8999

Supports and Resistance levels

  • Support 11.2868
  • Support 21.2600
  • Resistance 11.3395
  • Resistance 21.3654
  • Pivot1.3127