It should be subject to more sell off towards 1.6734 or 1.6674. Corrective upward swings should face resistance around 1.6810 area. A break of 1.7038 is bullish.

Technical Forecast

  • Elliott Wave

    correction zigzag 1.6694

  • Trend Warning

    Warning: Harami

Key Points

  • Key Point1.6739
  • Entry Point1.6697
  • Trendline 11.6781
  • Trendline 21.6730
  • Elliott1.7455
  • Closing1.6798
  • Ex-Low1.6670
  • Ex-High1.6914
  • Projection1.6514

Supports and Resistance levels

  • Support 11.6674
  • Support 21.6550
  • Resistance 11.6918
  • Resistance 21.7038
  • Pivot1.6794

Strength can extend to 1.7181 or 1.7535 as declines are expected to find support at 1.6826 or 1.6511. A fall below 1.6196 could turn it bearish.

Technical Forecast

  • Elliott Wave

    extended impulse wave up 1.7266

  • Trend Warning

    Warning: End of trend

Key Points

  • Key Point1.7026
  • Entry Point1.6560
  • Trendline 11.6207
  • Trendline 21.6329
  • Elliott1.5477
  • Closing1.6906
  • Ex-Low1.6116
  • Ex-High1.7455
  • Projection1.7266

Supports and Resistance levels

  • Support 11.6196
  • Support 21.5487
  • Resistance 11.7535
  • Resistance 21.8165
  • Pivot1.6826

Structure suggests that it could fall to 1.5644 while below 1.6113 area. A rise above 1.6324 is bullish.

Technical Forecast

  • Elliott Wave

    flat correction up 1.6313

  • Trend Warning

    Warning: End of trend

Key Points

  • Key Point1.6319
  • Entry Point1.5898
  • Trendline 11.6022
  • Trendline 21.6048
  • Elliott1.5477
  • Closing1.6068
  • Ex-Low1.5477
  • Ex-High1.6157
  • Projection1.6591

Supports and Resistance levels

  • Support 11.5644
  • Support 21.5221
  • Resistance 11.6324
  • Resistance 21.6581
  • Pivot1.5901