Should test support at 1.6336 while below 1.6376. If support at 1.6336 holds it can rise up to 1.6418, if not it should fall to below 1.6295 zone.

Technical Forecast

  • Elliott Wave

    common flat correction up 1.6444

Key Points

  • Key Point1.6418
  • Entry Point1.6380
  • Trendline 11.6311
  • Trendline 21.6443
  • Elliott1.6176
  • Closing1.6376
  • Ex-Low1.6337
  • Ex-High1.6419
  • Projection1.6444

Supports and Resistance levels

  • Support 11.6336
  • Support 21.6295
  • Resistance 11.6418
  • Resistance 21.6459
  • Pivot1.6377

It looks set to visit further lower territory down to around 1.6219 - 1.6143. Its corrective attempts should fail ahead of 1.6219 - 1.6411. Stop loss above 1.6562 zone.

Technical Forecast

  • Elliott Wave

    extended impulse wave down 1.6186

  • Trend Warning

    Warning: End of trend - Imminent end of bearish move

Key Points

  • Key Point1.6259
  • Entry Point1.6311
  • Trendline 11.6410
  • Trendline 21.6399
  • Elliott1.6687
  • Closing1.6261
  • Ex-Low1.6176
  • Ex-High1.6444
  • Projection1.6186

Supports and Resistance levels

  • Support 11.6143
  • Support 21.6026
  • Resistance 11.6411
  • Resistance 21.6562
  • Pivot1.6294

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