It should try higher up to 1.5967 - 1.6003. Entry point 1.5932 or 1.5903. After this rise, a correction is expected.

Technical Forecast

  • Elliott Wave

    irregular flat correction down 1.5864

Key Points

  • Key Point1.5962
  • Entry Point1.5869
  • Trendline 11.5982
  • Trendline 21.5779
  • Elliott1.6326
  • Closing1.5944
  • Ex-Low1.5862
  • Ex-High1.5991
  • Projection1.5786

Supports and Resistance levels

  • Support 11.5874
  • Support 21.5803
  • Resistance 11.6003
  • Resistance 21.6061
  • Pivot1.5932

Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6330 or 1.6356 if support around 1.5989 hold. After which a pullback to 1.5989 - 1.5889 zone is possible.

Technical Forecast

  • Elliott Wave

    support in an extended wave up 1.5971

  • Trend Warning

    Warning: End of trend - Imminent end of bullish move

Key Points

  • Key Point1.6409
  • Entry Point1.6054
  • Trendline 11.5771
  • Trendline 21.5866
  • Elliott1.4645
  • Closing1.6157
  • Ex-Low1.5622
  • Ex-High1.6188
  • Projection1.6462

Supports and Resistance levels

  • Support 11.5790
  • Support 21.5423
  • Resistance 11.6356
  • Resistance 21.6555
  • Pivot1.5989

Current rise seems to be over near 1.6256 or 1.6698 for a retracement towards 1.5815 - 1.5559 area.

Technical Forecast

  • Elliott Wave

    crucial reversal point

  • Trend Warning

    Warning: Imminent end of bullish move

Key Points

  • Key Point1.6746
  • Entry Point1.5870
  • Trendline 11.4931
  • Trendline 21.5449
  • Elliott1.4413
  • Closing1.6187
  • Ex-Low1.4931
  • Ex-High1.6326
  • Projection1.6848

Supports and Resistance levels

  • Support 11.5303
  • Support 21.4420
  • Resistance 11.6698
  • Resistance 21.7210
  • Pivot1.5815