Market should pop up towards 1.6738 or 1.6786 this bullish scenario would be damaged if 1.6635 - 1.6579 zone is broken, a severe break down could then occur.

Technical Forecast

  • Elliott Wave

    flat correction down 1.6557

Key Points

  • Key Point1.6645
  • Entry Point1.6716
  • Trendline 11.6804
  • Trendline 21.6747
  • Elliott1.6861
  • Closing1.6673
  • Ex-Low1.6597
  • Ex-High1.6804
  • Projection1.6505

Supports and Resistance levels

  • Support 11.6579
  • Support 21.6484
  • Resistance 11.6786
  • Resistance 21.6898
  • Pivot1.6691

It should trade higher to 1.6947 while 1.6726 or 1.6659 offers support. Stop loss below 1.6591 zone.

Technical Forecast

  • Elliott Wave

    zigzag or flat correction 1.6907

  • Trend Warning

    Warning: Engulfing pattern

Key Points

  • Key Point1.6941
  • Entry Point1.6655
  • Trendline 11.6679
  • Trendline 21.6679
  • Elliott1.6490
  • Closing1.6812
  • Ex-Low1.6505
  • Ex-High1.6861
  • Projection1.6907

Supports and Resistance levels

  • Support 11.6591
  • Support 21.6370
  • Resistance 11.6947
  • Resistance 21.7082
  • Pivot1.6726

Should test support at 1.6442 while below 1.6673. If support at 1.6442 holds it can rise up to 1.6952, if not it should fall to below 1.6211 zone.

Technical Forecast

  • Elliott Wave

    support in a triangle up 1.6527

  • Trend Warning

    Warning: Harami

Key Points

  • Key Point1.7070
  • Entry Point1.7028
  • Trendline 11.6490
  • Trendline 21.7483
  • Elliott1.5497
  • Closing1.6673
  • Ex-Low1.6490
  • Ex-High1.7000
  • Projection1.7164

Supports and Resistance levels

  • Support 11.6442
  • Support 21.6211
  • Resistance 11.6952
  • Resistance 21.7231
  • Pivot1.6721