Preferred outlook is for a drift down to below 1.5003. Resistances are at 1.5054 and 1.5077. A rise above 1.5090 would delay but not abort this expected fall.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point1.5019
  • Entry Point1.5085
  • Trendline 11.5128
  • Trendline 21.5112
  • Elliott1.5143
  • Closing1.5054
  • Ex-Low1.5052
  • Ex-High1.5126
  • Projection1.4996

Supports and Resistance levels

  • Support 11.5029
  • Support 21.5003
  • Resistance 11.5103
  • Resistance 21.5152
  • Pivot1.5077

Currently uptrend should end around 1.5110 - 1.5148 area. A correction down to 1.5046 - 1.5020 is expected. A rise above 1.5201 will abort the expected correction.

Technical Forecast

  • Elliott Wave

    common flat correction up

Key Points

  • Key Point1.5134
  • Entry Point1.5083
  • Trendline 11.4996
  • Trendline 21.5067
  • Elliott1.4925
  • Closing1.5096
  • Ex-Low1.4996
  • Ex-High1.5124
  • Projection1.5182

Supports and Resistance levels

  • Support 11.5020
  • Support 21.4944
  • Resistance 11.5148
  • Resistance 21.5201
  • Pivot1.5072

Current rise seems to be over near 1.5139 or 1.5211 for a retracement towards 1.5068 - 1.5011 area.

Technical Forecast

  • Elliott Wave

    common flat correction up

Key Points

  • Key Point1.5139
  • Entry Point1.5015
  • Trendline 11.4925
  • Trendline 21.4944
  • Elliott1.4906
  • Closing1.5096
  • Ex-Low1.4925
  • Ex-High1.5182
  • Projection1.5223

Supports and Resistance levels

  • Support 11.4954
  • Support 21.4811
  • Resistance 11.5211
  • Resistance 21.5325
  • Pivot1.5068