While below 1.6056 or 1.6057 it could fall towards below 1.5999 or 1.5941. After which a corrective/consolidation activity is expected to 1.6086 zone.

Technical Forecast

  • Elliott Wave

    common flat correction up 1.6142

Key Points

  • Key Point1.6065
  • Entry Point1.6045
  • Trendline 11.6000
  • Trendline 21.6050
  • Elliott1.5950
  • Closing1.6056
  • Ex-Low1.6000
  • Ex-High1.6116
  • Projection1.6142

Supports and Resistance levels

  • Support 11.5999
  • Support 21.5941
  • Resistance 11.6115
  • Resistance 21.6173
  • Pivot1.6057

Market should hold major support at 1.5877 before rising towards 1.6183 or even 1.6306 limit.

Technical Forecast

  • Elliott Wave

    resistance in an impulse wave down 1.6186

  • Trend Warning

    Warning: End of trend

Key Points

  • Key Point1.5956
  • Entry Point1.5989
  • Trendline 11.6072
  • Trendline 21.6033
  • Elliott1.6956
  • Closing1.6060
  • Ex-Low1.5925
  • Ex-High1.6177
  • Projection1.5892

Supports and Resistance levels

  • Support 11.5931
  • Support 21.5802
  • Resistance 11.6183
  • Resistance 21.6306
  • Pivot1.6054

It looks more likely that it would rise to 1.6875 - 1.7159 from 1.6536 or 1.6394. After which a downside move is expected.

Technical Forecast

  • Elliott Wave

    crucial reversal point

Key Points

  • Key Point1.6562
  • Entry Point1.6727
  • Trendline 11.6889
  • Trendline 21.6860
  • Elliott1.7164
  • Closing1.6592
  • Ex-Low1.6480
  • Ex-High1.6961
  • Projection1.6134

Supports and Resistance levels

  • Support 11.6394
  • Support 21.6197
  • Resistance 11.6875
  • Resistance 21.7159
  • Pivot1.6678