Decline should be supported around 1.2018 zone for rally to above 1.2132. A clear break of 1.1988 will damage this expected rally.

Technical Forecast

  • Elliott Wave

    zigzag or flat correction 1.2131

  • Trend Warning

    Warning: Low Zone - Harami

Key Points

  • Key Point1.2073
  • Entry Point1.2064
  • Trendline 11.2057
  • Trendline 21.2066
  • Elliott1.1995
  • Closing1.2072
  • Ex-Low1.2048
  • Ex-High1.2105
  • Projection1.2131

Supports and Resistance levels

  • Support 11.2045
  • Support 21.2018
  • Resistance 11.2102
  • Resistance 21.2132
  • Pivot1.2075

Resistances lie around 1.2134 and 1.2187. It should test lower towards 1.1946 zone. A clear break of 1.1970 would be bearish.

Technical Forecast

  • Elliott Wave

    common flat correction up 1.2165

Key Points

  • Key Point1.2081
  • Entry Point1.2067
  • Trendline 11.1974
  • Trendline 21.2131
  • Elliott1.1817
  • Closing1.2053
  • Ex-Low1.1974
  • Ex-High1.2215
  • Projection1.2165

Supports and Resistance levels

  • Support 11.1946
  • Support 21.1840
  • Resistance 11.2187
  • Resistance 21.2322
  • Pivot1.2081

Support at 1.1986 or 1.1904 should hold the downside for a correction to above 1.2175 zone.

Technical Forecast

  • Elliott Wave

    irregular flat correction down 1.1884

  • Trend Warning

    Warning: Imminent end of bearish move

Key Points

  • Key Point1.1884
  • Entry Point1.1999
  • Trendline 11.2233
  • Trendline 21.1997
  • Elliott1.2469
  • Closing1.2011
  • Ex-Low1.1962
  • Ex-High1.2233
  • Projection1.1704

Supports and Resistance levels

  • Support 11.1904
  • Support 21.1798
  • Resistance 11.2175
  • Resistance 21.2340
  • Pivot1.2069