It should trade higher to 1.2849 while 1.2793 or 1.2775 offers support. Stop loss below 1.2737 zone.

Technical Forecast

  • Elliott Wave

    flat correction up

Key Points

  • Key Point1.2888
  • Entry Point1.2873
  • Trendline 11.2899
  • Trendline 21.2901
  • Elliott1.2516
  • Closing1.2813
  • Ex-Low1.2773
  • Ex-High1.2847
  • Projection1.2903

Supports and Resistance levels

  • Support 11.2775
  • Support 21.2737
  • Resistance 11.2849
  • Resistance 21.2885
  • Pivot1.2811

It should trade higher to 1.2611 while 1.2488 or 1.2446 offers support. Stop loss below 1.2403 zone.

Technical Forecast

  • Elliott Wave

    common flat correction up

Key Points

  • Key Point1.2580
  • Entry Point1.2446
  • Trendline 11.2366
  • Trendline 21.2366
  • Elliott1.2366
  • Closing1.2525
  • Ex-Low1.2366
  • Ex-High1.2574
  • Projection1.2615

Supports and Resistance levels

  • Support 11.2403
  • Support 21.2280
  • Resistance 11.2611
  • Resistance 21.2697
  • Pivot1.2488

It may attempt a test higher to 1.2584 - 1.2742 after which weakness may set it to a drift down to 1.2237 limit.

Technical Forecast

  • Elliott Wave

    common flat correction up

Key Points

  • Key Point1.2744
  • Entry Point1.2427
  • Trendline 11.2615
  • Trendline 21.2524
  • Elliott1.2110
  • Closing1.2553
  • Ex-Low1.2110
  • Ex-High1.2615
  • Projection1.2706

Supports and Resistance levels

  • Support 11.2237
  • Support 21.1921
  • Resistance 11.2742
  • Resistance 21.2931
  • Pivot1.2426