There are initial signs of a good corrective recovery towards 1.7256 or even 1.7272. Supports at 1.7209 and 1.7178 zone.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point1.7169
  • Entry Point1.7249
  • Trendline 11.7211
  • Trendline 21.7244
  • Elliott1.7304
  • Closing1.7211
  • Ex-Low1.7207
  • Ex-High1.7300
  • Projection1.7142

Supports and Resistance levels

  • Support 11.7178
  • Support 21.7146
  • Resistance 11.7272
  • Resistance 21.7333
  • Pivot1.7239

A corrective rise should ideally test 1.7324 or even higher than 1.7463. Supports are at 1.7022. Stop loss below 1.7017 zone.

Technical Forecast

  • Elliott Wave

    correction zigzag

Key Points

  • Key Point1.7104
  • Entry Point1.7241
  • Trendline 11.7146
  • Trendline 21.7462
  • Elliott1.7379
  • Closing1.7186
  • Ex-Low1.7156
  • Ex-High1.7379
  • Projection1.7070

Supports and Resistance levels

  • Support 11.7101
  • Support 21.7017
  • Resistance 11.7324
  • Resistance 21.7463
  • Pivot1.7240

It should be subject to more sell off towards 1.6798 or 1.6338. Corrective upward swings should face resistance around 1.7940 area. A break of 1.7724 is bullish.

Technical Forecast

  • Elliott Wave

    irregular flat correction up

Key Points

  • Key Point1.7599
  • Entry Point1.7085
  • Trendline 11.7264
  • Trendline 21.7234
  • Elliott1.6571
  • Closing1.7258
  • Ex-Low1.6571
  • Ex-High1.7264
  • Projection1.7741

Supports and Resistance levels

  • Support 11.6798
  • Support 21.6338
  • Resistance 11.7491
  • Resistance 21.7724
  • Pivot1.7031