It looks more likely that it would rise to 1.2820 - 1.2877 from 1.2738 or 1.2710. After which a downside move is expected.

Technical Forecast

  • Elliott Wave

    irregular flat correction up

Key Points

  • Key Point1.2757
  • Entry Point1.2735
  • Trendline 11.2762
  • Trendline 21.2762
  • Elliott1.2714
  • Closing1.2763
  • Ex-Low1.2714
  • Ex-High1.2824
  • Projection1.2824

Supports and Resistance levels

  • Support 11.2710
  • Support 21.2657
  • Resistance 11.2820
  • Resistance 21.2877
  • Pivot1.2767

Current upmove should be ended around 1.2793 - 1.2832. Any correction consolidation should find support in 1.2721 - 1.2686 zone.

Technical Forecast

  • Elliott Wave

    flat correction up

Key Points

  • Key Point1.2775
  • Entry Point1.2720
  • Trendline 11.2678
  • Trendline 21.2690
  • Elliott1.2666
  • Closing1.2763
  • Ex-Low1.2678
  • Ex-High1.2824
  • Projection1.2821

Supports and Resistance levels

  • Support 11.2686
  • Support 21.2609
  • Resistance 11.2832
  • Resistance 21.2900
  • Pivot1.2755

Currently uptrend should end around 1.3012 - 1.3060 area. A correction down to below 1.2576 is expected. A rise above 1.3230 will abort the expected correction.

Technical Forecast

  • Elliott Wave

    support in a triangle up

Key Points

  • Key Point1.3122
  • Entry Point1.2871
  • Trendline 11.2433
  • Trendline 21.2804
  • Elliott1.2062
  • Closing1.2890
  • Ex-Low1.2433
  • Ex-High1.2917
  • Projection1.3132

Supports and Resistance levels

  • Support 11.2576
  • Support 21.2263
  • Resistance 11.3060
  • Resistance 21.3230
  • Pivot1.2747