It is likely to fall towards 1.6366 - 1.6344 as its corrective rally could falter in 1.6412 - 1.6435 area. Stop above 1.6480 zone.

Technical Forecast

  • Elliott Wave

    flat correction down 1.6308

Key Points

  • Key Point1.6396
  • Entry Point1.6413
  • Trendline 11.6435
  • Trendline 21.6426
  • Elliott1.6444
  • Closing1.6389
  • Ex-Low1.6344
  • Ex-High1.6435
  • Projection1.6360

Supports and Resistance levels

  • Support 11.6344
  • Support 21.6298
  • Resistance 11.6435
  • Resistance 21.6480
  • Pivot1.6389

If market stays below 1.6466 a fall to 1.6313 is expected. If market breaks the point 1.6519 it could reach the sky.

Technical Forecast

  • Elliott Wave

    elongated flat correction down 1.6325

  • Trend Warning

    Warning: End of trend

Key Points

  • Key Point1.6425
  • Entry Point1.6427
  • Trendline 11.6442
  • Trendline 21.6428
  • Elliott1.6687
  • Closing1.6418
  • Ex-Low1.6308
  • Ex-High1.6514
  • Projection1.6325

Supports and Resistance levels

  • Support 11.6313
  • Support 21.6207
  • Resistance 11.6519
  • Resistance 21.6619
  • Pivot1.6413

While below 1.6436 - 1.6512 it could fall towards below 1.6237. Rise above 1.6561 could activate some bullish pattern.

Technical Forecast

  • Elliott Wave

    correction zigzag 1.6309

  • Trend Warning

    Warning: Engulfing pattern

Key Points

  • Key Point1.6323
  • Entry Point1.6505
  • Trendline 11.6548
  • Trendline 21.6548
  • Elliott1.6687
  • Closing1.6436
  • Ex-Low1.6412
  • Ex-High1.6687
  • Projection1.6220

Supports and Resistance levels

  • Support 11.6336
  • Support 21.6237
  • Resistance 11.6611
  • Resistance 21.6787
  • Pivot1.6512