It should trade higher to 1.4714 or above 1.4756 in extention. Supports at 1.4638 and 1.4617. Stop loss below 1.4563 zone.

Technical Forecast

  • Elliott Wave

    elongated flat correction up

Key Points

  • Key Point1.4687
  • Entry Point1.4647
  • Trendline 11.4669
  • Trendline 21.4669
  • Elliott1.4606
  • Closing1.4671
  • Ex-Low1.4606
  • Ex-High1.4702
  • Projection1.4702

Supports and Resistance levels

  • Support 11.4617
  • Support 21.4563
  • Resistance 11.4714
  • Resistance 21.4756
  • Pivot1.4660

Current fall is near an end of wave around 1.4622 zone, a rally should then procede to above 1.4759. Fall below 1.4561 would cancel this scenario.

Technical Forecast

  • Elliott Wave

    extended impulse wave down

Key Points

  • Key Point1.4625
  • Entry Point1.4661
  • Trendline 11.4742
  • Trendline 21.4667
  • Elliott1.5085
  • Closing1.4683
  • Ex-Low1.4637
  • Ex-High1.4774
  • Projection1.4590

Supports and Resistance levels

  • Support 11.4622
  • Support 21.4561
  • Resistance 11.4759
  • Resistance 21.4835
  • Pivot1.4698