It is likely to fall towards 1.6287 - 1.6241 unless a corrective rally breaks the 1.6359 resistance. Stop above 1.6382 zone.

Technical Forecast

  • Elliott Wave

    elongated flat correction down 1.6250

  • Trend Warning

    Warning: End of trend

Key Points

  • Key Point1.6331
  • Entry Point1.6344
  • Trendline 11.6365
  • Trendline 21.6350
  • Elliott1.6451
  • Closing1.6334
  • Ex-Low1.6289
  • Ex-High1.6384
  • Projection1.6250

Supports and Resistance levels

  • Support 11.6287
  • Support 21.6241
  • Resistance 11.6382
  • Resistance 21.6431
  • Pivot1.6336

Market should not go lower than 1.6327 - 1.6234. After this move down it should go up to 1.6466 - 1.6513 area.

Technical Forecast

  • Elliott Wave

    irregular flat correction down 1.6198

  • Trend Warning

    Warning: Imminent end of bearish move

Key Points

  • Key Point1.6187
  • Entry Point1.6445
  • Trendline 11.6630
  • Trendline 21.6509
  • Elliott1.6728
  • Closing1.6327
  • Ex-Low1.6327
  • Ex-High1.6606
  • Projection1.6034

Supports and Resistance levels

  • Support 11.6234
  • Support 21.6141
  • Resistance 11.6513
  • Resistance 21.6699
  • Pivot1.6420

It looks set to visit further lower territory down to around 1.6495 - 1.6418. Its corrective attempts should fail ahead of 1.6495 - 1.6693. Stop loss above 1.6848 zone.

Technical Forecast

  • Elliott Wave

    flat correction down 1.6425

  • Trend Warning

    Warning: Harami

Key Points

  • Key Point1.6515
  • Entry Point1.6614
  • Trendline 11.6724
  • Trendline 21.6666
  • Elliott1.6828
  • Closing1.6538
  • Ex-Low1.6453
  • Ex-High1.6728
  • Projection1.6425

Supports and Resistance levels

  • Support 11.6418
  • Support 21.6298
  • Resistance 11.6693
  • Resistance 21.6848
  • Pivot1.6573