Market should pop up towards 1.5208 or 1.5244 this bullish scenario would be damaged if 1.5131 - 1.5090 zone is broken, a severe break down could then occur.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.5148
  • Entry Point1.5187
  • Trendline 11.5253
  • Trendline 21.5199
  • Elliott1.5308
  • Closing1.5162
  • Ex-Low1.5100
  • Ex-High1.5253
  • Projection1.5065

Supports and Resistance levels

  • Support 11.5090
  • Support 21.5018
  • Resistance 11.5244
  • Resistance 21.5325
  • Pivot1.5172

Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5246 or 1.5342 if support around 1.5128 hold. After which a pullback to 1.5128 - 1.5039 zone is possible.

Technical Forecast

  • Elliott Wave

    common flat correction up

Key Points

  • Key Point1.5213
  • Entry Point1.5064
  • Trendline 11.5087
  • Trendline 21.5087
  • Elliott1.4915
  • Closing1.5162
  • Ex-Low1.4915
  • Ex-High1.5308
  • Projection1.5308

Supports and Resistance levels

  • Support 11.4949
  • Support 21.4735
  • Resistance 11.5342
  • Resistance 21.5522
  • Pivot1.5128

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