It is likely to fall towards 1.5108 - 1.5077 as its corrective rally could falter in 1.5167 - 1.5194 area. Stop above 1.5257 zone.

Technical Forecast

  • Elliott Wave

    extended impulse wave down

Key Points

  • Key Point1.5119
  • Entry Point1.5161
  • Trendline 11.5202
  • Trendline 21.5183
  • Elliott1.5222
  • Closing1.5131
  • Ex-Low1.5085
  • Ex-High1.5202
  • Projection1.5085

Supports and Resistance levels

  • Support 11.5077
  • Support 21.5023
  • Resistance 11.5194
  • Resistance 21.5257
  • Pivot1.5140

There are initial signs of a good corrective recovery towards 1.5203 or even 1.5242. Supports at 1.5108 and 1.5053 zone.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.5083
  • Entry Point1.5185
  • Trendline 11.5085
  • Trendline 21.5256
  • Elliott1.5308
  • Closing1.5131
  • Ex-Low1.5085
  • Ex-High1.5274
  • Projection1.5065

Supports and Resistance levels

  • Support 11.5053
  • Support 21.4975
  • Resistance 11.5242
  • Resistance 21.5352
  • Pivot1.5163

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