There is bearish potential for a fall to 1.4996 while 1.5073 - 1.5095 resist. After this fall a recovery up to 1.5095 or 1.5117 is expected.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.4991
  • Entry Point1.5070
  • Trendline 11.5098
  • Trendline 21.5098
  • Elliott1.5150
  • Closing1.5040
  • Ex-Low1.5028
  • Ex-High1.5150
  • Projection1.4952

Supports and Resistance levels

  • Support 11.4996
  • Support 21.4951
  • Resistance 11.5117
  • Resistance 21.5194
  • Pivot1.5073

While below 1.5040 or 1.5055 it could fall towards below 1.4961 or 1.4881. After which a corrective/consolidation activity is expected to 1.5095 zone.

Technical Forecast

  • Elliott Wave

    elongated flat correction up

Key Points

  • Key Point1.5046
  • Entry Point1.5032
  • Trendline 11.5022
  • Trendline 21.5040
  • Elliott1.4848
  • Closing1.5040
  • Ex-Low1.4976
  • Ex-High1.5150
  • Projection1.5174

Supports and Resistance levels

  • Support 11.4961
  • Support 21.4881
  • Resistance 11.5135
  • Resistance 21.5229
  • Pivot1.5055

Current upmove should be ended around 1.5105 - 1.5190. Any correction consolidation should find support in 1.4944 - 1.4869 zone.

Technical Forecast

  • Elliott Wave

    zigzag or flat correction

Key Points

  • Key Point1.5072
  • Entry Point1.4975
  • Trendline 11.4848
  • Trendline 21.4934
  • Elliott1.4761
  • Closing1.5040
  • Ex-Low1.4848
  • Ex-High1.5169
  • Projection1.5138

Supports and Resistance levels

  • Support 11.4869
  • Support 21.4697
  • Resistance 11.5190
  • Resistance 21.5340
  • Pivot1.5019