There is bearish potential for a fall to 1.5696 while 1.5764 - 1.5781 resist. After this fall a recovery up to 1.5781 or 1.5799 is expected.

Technical Forecast

  • Elliott Wave

    elongated flat correction down

Key Points

  • Key Point1.5683
  • Entry Point1.5757
  • Trendline 11.5786
  • Trendline 21.5786
  • Elliott1.5831
  • Closing1.5731
  • Ex-Low1.5729
  • Ex-High1.5831
  • Projection1.5641

Supports and Resistance levels

  • Support 11.5696
  • Support 21.5661
  • Resistance 11.5799
  • Resistance 21.5866
  • Pivot1.5764

There is bearish potential for a fall to 1.5669 while 1.5775 - 1.5813 resist. After this fall a recovery up to 1.5813 or 1.5850 is expected.

Technical Forecast

  • Elliott Wave

    correction zigzag

Key Points

  • Key Point1.5740
  • Entry Point1.5809
  • Trendline 11.5882
  • Trendline 21.5875
  • Elliott1.5888
  • Closing1.5744
  • Ex-Low1.5701
  • Ex-High1.5882
  • Projection1.5654

Supports and Resistance levels

  • Support 11.5669
  • Support 21.5594
  • Resistance 11.5850
  • Resistance 21.5957
  • Pivot1.5775

It should test 1.6234 area after which a sell off down to 1.5427 or extended to 1.5076 area is expected.

Technical Forecast

  • Elliott Wave

    flat correction up

Key Points

  • Key Point1.6007
  • Entry Point1.5641
  • Trendline 11.5853
  • Trendline 21.5670
  • Elliott1.5275
  • Closing1.5779
  • Ex-Low1.5275
  • Ex-High1.5827
  • Projection1.6191

Supports and Resistance levels

  • Support 11.5427
  • Support 21.5076
  • Resistance 11.5979
  • Resistance 21.6178
  • Pivot1.5627