Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6461 or 1.6549 if support around 1.6349 hold. After which a pullback to 1.6349 - 1.6277 zone is possible.

Technical Forecast

  • Elliott Wave

    exagerated impulse wave up 1.6560

Key Points

  • Key Point1.6486
  • Entry Point1.6295
  • Trendline 11.6184
  • Trendline 21.6221
  • Elliott1.5988
  • Closing1.6404
  • Ex-Low1.6150
  • Ex-High1.6494
  • Projection1.6530

Supports and Resistance levels

  • Support 11.6205
  • Support 21.6005
  • Resistance 11.6549
  • Resistance 21.6693
  • Pivot1.6349

It should trade higher to 1.6421 while 1.6186 or 1.6123 offers support. Stop loss below 1.6060 zone.

Technical Forecast

  • Elliott Wave

    correction zigzag 1.6441

Key Points

  • Key Point1.6462
  • Entry Point1.6154
  • Trendline 11.5950
  • Trendline 21.5975
  • Elliott1.5925
  • Closing1.6296
  • Ex-Low1.5950
  • Ex-High1.6311
  • Projection1.6562

Supports and Resistance levels

  • Support 11.6060
  • Support 21.5825
  • Resistance 11.6421
  • Resistance 21.6547
  • Pivot1.6186

Market should hold major support at 1.5795 before rising towards 1.6632 or even 1.6969 limit.

Technical Forecast

  • Elliott Wave

    correction zigzag 1.6527

Key Points

  • Key Point1.6322
  • Entry Point1.6386
  • Trendline 11.6663
  • Trendline 21.6269
  • Elliott1.7164
  • Closing1.6296
  • Ex-Low1.5925
  • Ex-High1.6615
  • Projection1.5497

Supports and Resistance levels

  • Support 11.5942
  • Support 21.5589
  • Resistance 11.6632
  • Resistance 21.6969
  • Pivot1.6279