Difficult to predict the next move. If first down it should hold 1.1281 or 1.1251. If first up it should face resistance in 1.1353 - 1.1395 zone to 1.1251 zone.

Technical Forecast

  • Elliott Wave

    crucial reversal point 1.1250

Key Points

  • Key Point1.1349
  • Entry Point1.1327
  • Trendline 11.1344
  • Trendline 21.1327
  • Elliott1.1590
  • Closing1.1335
  • Ex-Low1.1227
  • Ex-High1.1371
  • Projection1.1268

Supports and Resistance levels

  • Support 11.1251
  • Support 21.1167
  • Resistance 11.1395
  • Resistance 21.1455
  • Pivot1.1311

Market should not go lower than 1.1265 - 1.1157. After this move down it should go up to 1.1430 - 1.1486 area.

Technical Forecast

  • Elliott Wave

    flat correction down 1.1160

  • Trend Warning

    Warning: Imminent end of bearish move

Key Points

  • Key Point1.1230
  • Entry Point1.1409
  • Trendline 11.1590
  • Trendline 21.1584
  • Elliott1.1596
  • Closing1.1270
  • Ex-Low1.1261
  • Ex-High1.1590
  • Projection1.1160

Supports and Resistance levels

  • Support 11.1157
  • Support 21.1045
  • Resistance 11.1486
  • Resistance 21.1703
  • Pivot1.1374

It looks set to visit further lower territory down to around 1.1245 - 1.1128. Its corrective attempts should fail ahead of 1.1245 - 1.1569. Stop loss above 1.1803 zone.

Technical Forecast

  • Elliott Wave

    crucial reversal point

  • Trend Warning

    Warning: Harami

Key Points

  • Key Point1.1314
  • Entry Point1.1385
  • Trendline 11.1476
  • Trendline 21.1469
  • Elliott1.2469
  • Closing1.1335
  • Ex-Low1.1155
  • Ex-High1.1596
  • Projection1.1007

Supports and Resistance levels

  • Support 11.1128
  • Support 21.0921
  • Resistance 11.1569
  • Resistance 21.1803
  • Pivot1.1362