Decline should be supported around 1.5362 - 1.5337 zone for rally to above 1.5419. A clear break of 1.5337 will damage this expected rally.

Technical Forecast

  • Elliott Wave

    irregular flat correction up

Key Points

  • Key Point1.5389
  • Entry Point1.5387
  • Trendline 11.5384
  • Trendline 21.5393
  • Elliott1.5322
  • Closing1.5387
  • Ex-Low1.5369
  • Ex-High1.5427
  • Projection1.5444

Supports and Resistance levels

  • Support 11.5362
  • Support 21.5337
  • Resistance 11.5419
  • Resistance 21.5452
  • Pivot1.5394

It is a triangle configuration. Market should break either side. Acceleration should occur above 1.5444 or under 1.5322 limits.

Technical Forecast

  • Elliott Wave

    zigzag or flat correction

Key Points

  • Key Point1.5378
  • Entry Point1.5359
  • Trendline 11.5322
  • Trendline 21.5357
  • Elliott1.5288
  • Closing1.5379
  • Ex-Low1.5322
  • Ex-High1.5444
  • Projection1.5472

Supports and Resistance levels

  • Support 11.5319
  • Support 21.5260
  • Resistance 11.5441
  • Resistance 21.5504
  • Pivot1.5382

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Technical Forecast

  • Elliott Wave

Key Points

  • Key Point1.5361
  • Entry Point0.1754
  • Trendline 11.5587
  • Trendline 2-1.1909
  • Elliott4.3082
  • Closing1.5348
  • Ex-Low1.5085
  • Ex-High1.5587
  • Projection1.4918

Supports and Resistance levels

  • Support 11.5093
  • Support 21.4838
  • Resistance 11.5595
  • Resistance 21.5842
  • Pivot1.5340