Market should not go lower than 1.5480 - 1.5446. After this move down it should go up to 1.5536 - 1.5558 area.

Technical Forecast

  • Elliott Wave

    null

Key Points

  • Key Point1.5483
  • Entry Point1.5511
  • Trendline 11.5546
  • Trendline 21.5572
  • Elliott1.5706
  • Closing1.5491
  • Ex-Low1.5469
  • Ex-High1.5581
  • Projection1.5403

Supports and Resistance levels

  • Support 11.5446
  • Support 21.5402
  • Resistance 11.5558
  • Resistance 21.5626
  • Pivot1.5514

There is bearish potential for a fall to 1.5405 while 1.5555 - 1.5598 resist. After this fall a recovery up to 1.5598 or 1.5641 is expected.

Technical Forecast

  • Elliott Wave

    elongated flat correction down

Key Points

  • Key Point1.5394
  • Entry Point1.5550
  • Trendline 11.5706
  • Trendline 21.5629
  • Elliott1.5783
  • Closing1.5491
  • Ex-Low1.5469
  • Ex-High1.5706
  • Projection1.5358

Supports and Resistance levels

  • Support 11.5405
  • Support 21.5319
  • Resistance 11.5641
  • Resistance 21.5792
  • Pivot1.5555

Support at 1.5480 or 1.5308 should hold the downside for a correction to above 1.5835 zone.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point1.5255
  • Entry Point1.5535
  • Trendline 11.5996
  • Trendline 21.5634
  • Elliott1.6358
  • Closing1.5491
  • Ex-Low1.5469
  • Ex-High1.5996
  • Projection1.5099

Supports and Resistance levels

  • Support 11.5308
  • Support 21.5125
  • Resistance 11.5835
  • Resistance 21.6179
  • Pivot1.5652