While below 1.5755 or 1.5764 it could fall towards below 1.5706 or 1.5656. After which a corrective/consolidation activity is expected to 1.5789 zone.

Technical Forecast

  • Elliott Wave

    flat correction up

Key Points

  • Key Point1.5755
  • Entry Point1.5737
  • Trendline 11.5705
  • Trendline 21.5755
  • Elliott1.5674
  • Closing1.5755
  • Ex-Low1.5715
  • Ex-High1.5823
  • Projection1.5805

Supports and Resistance levels

  • Support 11.5706
  • Support 21.5656
  • Resistance 11.5814
  • Resistance 21.5873
  • Pivot1.5764

There are initial signs of a good corrective recovery towards 1.5820 or even 1.5869. Supports at 1.5714 and 1.5657 zone.

Technical Forecast

  • Elliott Wave

    irregular flat correction up

Key Points

  • Key Point1.5880
  • Entry Point1.5858
  • Trendline 11.5674
  • Trendline 21.6000
  • Elliott1.5347
  • Closing1.5755
  • Ex-Low1.5674
  • Ex-High1.5885
  • Projection1.6052

Supports and Resistance levels

  • Support 11.5657
  • Support 21.5559
  • Resistance 11.5869
  • Resistance 21.5983
  • Pivot1.5771

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