Current fall is near an end of wave around 1.8750 zone, a rally should then procede to above 1.8982. Fall below 1.8645 would cancel this scenario.

Technical Forecast

  • Elliott Wave

    irregular flat correction down 1.8729

Key Points

  • Key Point1.8825
  • Entry Point1.8870
  • Trendline 11.9017
  • Trendline 21.8826
  • Elliott1.9314
  • Closing1.8856
  • Ex-Low1.8771
  • Ex-High1.9003
  • Projection1.8630

Supports and Resistance levels

  • Support 11.8750
  • Support 21.8645
  • Resistance 11.8982
  • Resistance 21.9109
  • Pivot1.8877

Uptrend is still intact in a triangle configuration. It should continue to rally to 1.9402 or 1.9413 if support around 1.9152 hold. After which a pullback to 1.9152 - 1.9083 zone is possible.

Technical Forecast

  • Elliott Wave

    crucial reversal point

  • Trend Warning

    Warning: Imminent end of bullish move

Key Points

  • Key Point1.9462
  • Entry Point1.9164
  • Trendline 11.8924
  • Trendline 21.9030
  • Elliott1.8514
  • Closing1.9276
  • Ex-Low1.8891
  • Ex-High1.9289
  • Projection1.9872

Supports and Resistance levels

  • Support 11.9015
  • Support 21.8754
  • Resistance 11.9413
  • Resistance 21.9550
  • Pivot1.9152

It should trade higher to 1.9503 or 1.9961 in extension while 1.9009 offers support. Stop loss below 1.8780 zone .

Technical Forecast

  • Elliott Wave

    crucial reversal point

Key Points

  • Key Point1.8990
  • Entry Point1.9126
  • Trendline 11.9466
  • Trendline 21.9060
  • Elliott1.9872
  • Closing1.9046
  • Ex-Low1.8514
  • Ex-High1.9466
  • Projection1.8213

Supports and Resistance levels

  • Support 11.8551
  • Support 21.8057
  • Resistance 11.9503
  • Resistance 21.9961
  • Pivot1.9009