It should trade higher to 1.4660 while 1.4566 or 1.4540 offers support. Stop loss below 1.4514 zone.

Technical Forecast

  • Elliott Wave

    correction zigzag 1.4688

  • Trend Warning

    Warning: Engulfing pattern

Key Points

  • Key Point1.4674
  • Entry Point1.4558
  • Trendline 11.4540
  • Trendline 21.4540
  • Elliott1.4413
  • Closing1.4609
  • Ex-Low1.4471
  • Ex-High1.4617
  • Projection1.4752

Supports and Resistance levels

  • Support 11.4514
  • Support 21.4420
  • Resistance 11.4660
  • Resistance 21.4712
  • Pivot1.4566

Market should not go lower than 1.4461 - 1.4335. After this move down it should go up to 1.4675 - 1.4763 area.

Technical Forecast

  • Elliott Wave

    crucial reversal point 1.4675

Key Points

  • Key Point1.4471
  • Entry Point1.4611
  • Trendline 11.4802
  • Trendline 21.4721
  • Elliott1.5201
  • Closing1.4510
  • Ex-Low1.4413
  • Ex-High1.4841
  • Projection1.4149

Supports and Resistance levels

  • Support 11.4335
  • Support 21.4160
  • Resistance 11.4763
  • Resistance 21.5016
  • Pivot1.4588

Strength can extend to 1.5253 as declines are expected to find support at 1.4676. A fall below 1.4502 could turn it bearish.

Technical Forecast

  • Elliott Wave

    irregular flat correction up 1.5163

Key Points

  • Key Point1.5190
  • Entry Point1.5014
  • Trendline 11.4804
  • Trendline 21.5030
  • Elliott1.3290
  • Closing1.4903
  • Ex-Low1.4450
  • Ex-High1.5201
  • Projection1.5482

Supports and Resistance levels

  • Support 11.4502
  • Support 21.4100
  • Resistance 11.5253
  • Resistance 21.5602
  • Pivot1.4851