It looks set to visit further lower territory down to around 1.6108 - 1.6084. Its corrective attempts should fail ahead of 1.6108 - 1.6170. Stop loss above 1.6219 zone.

Technical Forecast

  • Elliott Wave

    extended impulse wave down 1.6068

  • Trend Warning

    Warning: Harami

Key Points

  • Key Point1.6124
  • Entry Point1.6126
  • Trendline 11.6143
  • Trendline 21.6180
  • Elliott1.6451
  • Closing1.6122
  • Ex-Low1.6095
  • Ex-High1.6181
  • Projection1.6068

Supports and Resistance levels

  • Support 11.6084
  • Support 21.6047
  • Resistance 11.6170
  • Resistance 21.6219
  • Pivot1.6133

Market should not go lower than 1.6185. After this move down it should go up to 1.6405 area.

Technical Forecast

  • Elliott Wave

    irregular flat correction down 1.6198

  • Trend Warning

    Warning: End of trend - Imminent end of bearish move

Key Points

  • Key Point1.6207
  • Entry Point1.6323
  • Trendline 11.6479
  • Trendline 21.6296
  • Elliott1.6728
  • Closing1.6280
  • Ex-Low1.6248
  • Ex-High1.6451
  • Projection1.6034

Supports and Resistance levels

  • Support 11.6202
  • Support 21.6123
  • Resistance 11.6405
  • Resistance 21.6529
  • Pivot1.6326

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