Strength can extend to 1.5150 or 1.5203 as declines are expected to find support at 1.5097 or 1.5054. A fall below 1.5011 could turn it bearish.

Technical Forecast

  • Elliott Wave

    irregular flat correction up 1.5238

  • Trend Warning

    Warning: End of trend - Imminent end of bullish move

Key Points

  • Key Point1.5157
  • Entry Point1.5094
  • Trendline 11.5024
  • Trendline 21.5081
  • Elliott1.4645
  • Closing1.5118
  • Ex-Low1.4990
  • Ex-High1.5182
  • Projection1.5339

Supports and Resistance levels

  • Support 11.5011
  • Support 21.4905
  • Resistance 11.5203
  • Resistance 21.5289
  • Pivot1.5097

It may attempt a test higher to 1.4987 -1.5101 after which weakness may set it to a drift down to 1.4714 limit.

Technical Forecast

  • Elliott Wave

    common flat correction up 1.5074

Key Points

  • Key Point1.5045
  • Entry Point1.4845
  • Trendline 11.5032
  • Trendline 21.4990
  • Elliott1.4645
  • Closing1.4942
  • Ex-Low1.4645
  • Ex-High1.5032
  • Projection1.5074

Supports and Resistance levels

  • Support 11.4714
  • Support 21.4486
  • Resistance 11.5101
  • Resistance 21.5260
  • Pivot1.4873

It should trade higher to 1.5206 while 1.4677 or 1.4545 offers support. Stop loss below 1.4149 zone.

Technical Forecast

  • Elliott Wave

    flat correction up 1.5143

Key Points

  • Key Point1.5140
  • Entry Point1.4777
  • Trendline 11.5074
  • Trendline 21.4947
  • Elliott1.4413
  • Closing1.4942
  • Ex-Low1.4413
  • Ex-High1.5074
  • Projection1.5201

Supports and Resistance levels

  • Support 11.4545
  • Support 21.4149
  • Resistance 11.5206
  • Resistance 21.5471
  • Pivot1.4810