It is a triangle configuration. Market should break either side. Acceleration should occur above 1.5124 or under 1.5007 limits.

Technical Forecast

  • Elliott Wave

    common flat correction up

Key Points

  • Key Point1.5037
  • Entry Point1.5029
  • Trendline 11.5007
  • Trendline 21.5034
  • Elliott1.4981
  • Closing1.5048
  • Ex-Low1.5007
  • Ex-High1.5124
  • Projection1.5126

Supports and Resistance levels

  • Support 11.4995
  • Support 21.4943
  • Resistance 11.5112
  • Resistance 21.5176
  • Pivot1.5060

Current rise seems to be over near 1.5087 or 1.5192 for a retracement towards 1.4981 - 1.4909 area.

Technical Forecast

  • Elliott Wave

    common flat correction up

Key Points

  • Key Point1.5147
  • Entry Point1.4929
  • Trendline 11.4771
  • Trendline 21.4806
  • Elliott1.4737
  • Closing1.5048
  • Ex-Low1.4771
  • Ex-High1.5126
  • Projection1.5146

Supports and Resistance levels

  • Support 11.4837
  • Support 21.4627
  • Resistance 11.5192
  • Resistance 21.5336
  • Pivot1.4981

Currently uptrend should end around 1.5080 - 1.5227 area. A correction down to 1.4825 - 1.4718 is expected. A rise above 1.5441 will abort the expected correction.

Technical Forecast

  • Elliott Wave

    support in a triangle up

Key Points

  • Key Point1.5135
  • Entry Point1.4920
  • Trendline 11.4637
  • Trendline 21.4830
  • Elliott1.4443
  • Closing1.5013
  • Ex-Low1.4637
  • Ex-High1.5146
  • Projection1.5465

Supports and Resistance levels

  • Support 11.4718
  • Support 21.4422
  • Resistance 11.5227
  • Resistance 21.5441
  • Pivot1.4932