It should try higher up to 1.3273 - 1.3302. Entry point 1.3243 or 1.3225. After this rise, a correction is expected.

Technical Forecast

  • Elliott Wave

    support in a triangle

Key Points

  • Key Point1.3302
  • Entry Point1.3224
  • Trendline 11.3231
  • Trendline 21.3231
  • Elliott1.3180
  • Closing1.3266
  • Ex-Low1.3184
  • Ex-High1.3279
  • Projection1.3365

Supports and Resistance levels

  • Support 11.3207
  • Support 21.3148
  • Resistance 11.3302
  • Resistance 21.3338
  • Pivot1.3243

It may meet resistance in 1.3266 - 1.3279 zone for a drift down to 1.3168 zone, after which bounce to 1.3377 is anticipated.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.3248
  • Entry Point1.3199
  • Trendline 11.3390
  • Trendline 21.3115
  • Elliott1.3665
  • Closing1.3266
  • Ex-Low1.3180
  • Ex-High1.3390
  • Projection1.3160

Supports and Resistance levels

  • Support 11.3168
  • Support 21.3069
  • Resistance 11.3377
  • Resistance 21.3488
  • Pivot1.3279

Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3745 or 1.3822 if support around 1.3491 hold. After which a pullback to 1.3491 - 1.3404 zone is possible.

Technical Forecast

  • Elliott Wave

    impulse wave up

Key Points

  • Key Point1.3885
  • Entry Point1.3528
  • Trendline 11.3266
  • Trendline 21.3349
  • Elliott1.2783
  • Closing1.3649
  • Ex-Low1.3160
  • Ex-High1.3665
  • Projection1.3775

Supports and Resistance levels

  • Support 11.3318
  • Support 21.2987
  • Resistance 11.3822
  • Resistance 21.3996
  • Pivot1.3491