There is bearish potential for a fall to 1.7019 - 1.6992 while 1.7046 - 1.7062 resist. After this fall a recovery up to 1.7062 or 1.7078 is expected.

Technical Forecast

  • Elliott Wave

    extended impulse wave down

Key Points

  • Key Point1.7014
  • Entry Point1.7047
  • Trendline 11.7081
  • Trendline 21.7091
  • Elliott1.7151
  • Closing1.7024
  • Ex-Low1.7014
  • Ex-High1.7100
  • Projection1.6986

Supports and Resistance levels

  • Support 11.6992
  • Support 21.6960
  • Resistance 11.7078
  • Resistance 21.7132
  • Pivot1.7046

It looks set to visit further lower territory down to around 1.7069 - 1.7041. Its corrective attempts should fail ahead of 1.7120 - 1.7143. Stop loss above 1.7198 zone.

Technical Forecast

  • Elliott Wave

    impulse wave up

Key Points

  • Key Point1.7135
  • Entry Point1.7127
  • Trendline 11.7136
  • Trendline 21.7137
  • Elliott1.6698
  • Closing1.7088
  • Ex-Low1.7049
  • Ex-High1.7151
  • Projection1.7124

Supports and Resistance levels

  • Support 11.7041
  • Support 21.6994
  • Resistance 11.7143
  • Resistance 21.7198
  • Pivot1.7096

One move lower to 1.6854 or 1.6620 is anticipated while below 1.7143 - 1.7260 area. Stop loss above 1.7431 zone.

Technical Forecast

  • Elliott Wave

    common flat correction up

Key Points

  • Key Point1.7264
  • Entry Point1.7087
  • Trendline 11.6770
  • Trendline 21.7152
  • Elliott1.6294
  • Closing1.7088
  • Ex-Low1.6791
  • Ex-High1.7197
  • Projection1.7205

Supports and Resistance levels

  • Support 11.6854
  • Support 21.6620
  • Resistance 11.7260
  • Resistance 21.7431
  • Pivot1.7026