There are initial signs of a good corrective recovery towards 1.3215 or even 1.3232. Supports at 1.3166 and 1.3135 zone.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.3128
  • Entry Point1.3194
  • Trendline 11.3150
  • Trendline 21.3213
  • Elliott1.3259
  • Closing1.3170
  • Ex-Low1.3162
  • Ex-High1.3259
  • Projection1.3110

Supports and Resistance levels

  • Support 11.3135
  • Support 21.3100
  • Resistance 11.3232
  • Resistance 21.3294
  • Pivot1.3197

Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3192 or 1.3231 if support around 1.3148 hold. After which a pullback to 1.3148 - 1.3113 zone is possible.

Technical Forecast

  • Elliott Wave

    correction zigzag

Key Points

  • Key Point1.3180
  • Entry Point1.3150
  • Trendline 11.3140
  • Trendline 21.3212
  • Elliott1.3386
  • Closing1.3161
  • Ex-Low1.3065
  • Ex-High1.3218
  • Projection1.2989

Supports and Resistance levels

  • Support 11.3078
  • Support 21.2995
  • Resistance 11.3231
  • Resistance 21.3301
  • Pivot1.3148

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