While below 1.6710 - 1.6740 it might drop to 1.6562 or 1.6501.

Technical Forecast

  • Elliott Wave

    flat correction down 1.6540

  • Trend Warning

    Warning: Engulfing pattern

Key Points

  • Key Point1.6595
  • Entry Point1.6676
  • Trendline 11.6702
  • Trendline 21.6702
  • Elliott1.6956
  • Closing1.6623
  • Ex-Low1.6618
  • Ex-High1.6796
  • Projection1.6540

Supports and Resistance levels

  • Support 11.6562
  • Support 21.6501
  • Resistance 11.6740
  • Resistance 21.6857
  • Pivot1.6679

It is a triangle configuration. Market should break either side. Acceleration should occur above 1.6956 or under 1.6540 limits.

Technical Forecast

  • Elliott Wave

    flat correction up 1.6841

  • Trend Warning

    Warning: End of trend

Key Points

  • Key Point1.6599
  • Entry Point1.6574
  • Trendline 11.6529
  • Trendline 21.6595
  • Elliott1.6480
  • Closing1.6665
  • Ex-Low1.6540
  • Ex-High1.6956
  • Projection1.6777

Supports and Resistance levels

  • Support 11.6485
  • Support 21.6304
  • Resistance 11.6901
  • Resistance 21.7136
  • Pivot1.6720

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