Current move should be supported in 1.6521 - 1.6488 zone for a rise to 1.6593. A break below 1.6448 opens the way down.

Technical Forecast

  • Elliott Wave

    irregular flat correction down 1.6427

Key Points

  • Key Point1.6487
  • Entry Point1.6553
  • Trendline 11.6514
  • Trendline 21.6548
  • Elliott1.6619
  • Closing1.6527
  • Ex-Low1.6514
  • Ex-High1.6619
  • Projection1.6480

Supports and Resistance levels

  • Support 11.6488
  • Support 21.6448
  • Resistance 11.6593
  • Resistance 21.6658
  • Pivot1.6553

Market should not go lower than 1.6532 - 1.6395. After this move down it should go up to 1.6765 - 1.6861 area.

Technical Forecast

  • Elliott Wave

    irregular flat correction down 1.6397

  • Trend Warning

    Warning: Low Zone - Imminent end of bearish move

Key Points

  • Key Point1.6572
  • Entry Point1.6755
  • Trendline 11.6946
  • Trendline 21.6931
  • Elliott1.6961
  • Closing1.6585
  • Ex-Low1.6480
  • Ex-High1.6946
  • Projection1.6223

Supports and Resistance levels

  • Support 11.6395
  • Support 21.6204
  • Resistance 11.6861
  • Resistance 21.7136
  • Pivot1.6670

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