It should be subject to more sell off towards 1.4365 or 1.4320. Corrective upward swings should face resistance around 1.4421 area. A break of 1.4491 is bullish.

Technical Forecast

  • Elliott Wave

    irregular flat correction down 1.4322

  • Trend Warning

    Warning: Low Zone - Harami

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point1.4415
  • Entry Point1.4431
  • Trendline 11.4446
  • Trendline 21.4438
  • Elliott1.4454
  • Closing1.4410
  • Ex-Low1.4361
  • Ex-High1.4446
  • Projection1.4388

Supports and Resistance levels

  • Support 11.4365
  • Support 21.4320
  • Resistance 11.4450
  • Resistance 21.4491

It is a triangle configuration. Market should break either side. Acceleration should occur above 1.4492 or under 1.4347 limits.

Technical Forecast

  • Elliott Wave

    flat correction down 1.4351

  • Trend Warning

    Warning: Harami

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point1.4418
  • Entry Point1.4443
  • Trendline 11.4471
  • Trendline 21.4484
  • Elliott1.4597
  • Closing1.4410
  • Ex-Low1.4347
  • Ex-High1.4492
  • Projection1.4351

Supports and Resistance levels

  • Support 11.4340
  • Support 21.4271
  • Resistance 11.4485
  • Resistance 21.4561

Market should hold major support at 1.4179 before rising towards 1.4600 or even 1.4808 limit.

Technical Forecast

  • Elliott Wave

    crucial reversal point

  • Trend Warning

  • Pivot Points

    No Pivot Points have been reached.

Key Points

  • Key Point1.4350
  • Entry Point1.4423
  • Trendline 11.4597
  • Trendline 21.4394
  • Elliott1.4800
  • Closing1.4392
  • Ex-Low1.4178
  • Ex-High1.4597
  • Projection1.3527

Supports and Resistance levels

  • Support 11.4181
  • Support 21.3969
  • Resistance 11.4600
  • Resistance 21.4808