It may meet resistance in 1.6390 - 1.6397 zone for a drift down to 1.6336 zone, after which bounce to 1.6451 is anticipated.

Technical Forecast

  • Elliott Wave

    extended impulse wave down

Key Points

  • Key Point1.6349
  • Entry Point1.6394
  • Trendline 11.6500
  • Trendline 21.6372
  • Elliott1.6791
  • Closing1.6390
  • Ex-Low1.6342
  • Ex-High1.6458
  • Projection1.6326

Supports and Resistance levels

  • Support 11.6336
  • Support 21.6281
  • Resistance 11.6451
  • Resistance 21.6512
  • Pivot1.6397

There is bearish potential for a fall to 1.6449 - 1.6336 while 1.6561 - 1.6620 resist. After this fall a recovery up to 1.6620 or 1.6679 is expected.

Technical Forecast

  • Elliott Wave

    null

Key Points

  • Key Point1.6293
  • Entry Point1.6504
  • Trendline 11.6626
  • Trendline 21.6758
  • Elliott1.7930
  • Closing1.6454
  • Ex-Low1.6443
  • Ex-High1.6786
  • Projection1.6027

Supports and Resistance levels

  • Support 11.6336
  • Support 21.6219
  • Resistance 11.6679
  • Resistance 21.6904
  • Pivot1.6561

Market should not go lower than 1.6038. After this move down it should go up to 1.7059 area.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point1.6059
  • Entry Point1.6564
  • Trendline 11.7356
  • Trendline 21.6783
  • Elliott1.7930
  • Closing1.6454
  • Ex-Low1.6443
  • Ex-High1.7356
  • Projection1.5732

Supports and Resistance levels

  • Support 11.6146
  • Support 21.5838
  • Resistance 11.7059
  • Resistance 21.7664
  • Pivot1.6751