Market should not go lower than 1.6691. After this move down it should go up to 1.6880 - 1.6917 area.

Technical Forecast

  • Elliott Wave

    extended impulse wave down

Key Points

  • Key Point1.6730
  • Entry Point1.6829
  • Trendline 11.6971
  • Trendline 21.6883
  • Elliott1.7059
  • Closing1.6789
  • Ex-Low1.6769
  • Ex-High1.6971
  • Projection1.6674

Supports and Resistance levels

  • Support 11.6715
  • Support 21.6641
  • Resistance 11.6917
  • Resistance 21.7045
  • Pivot1.6843

Market should not go lower than 1.6779 - 1.6686. After this move down it should go up to 1.6924 - 1.6976 area.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.6690
  • Entry Point1.6838
  • Trendline 11.7059
  • Trendline 21.6912
  • Elliott1.7205
  • Closing1.6789
  • Ex-Low1.6769
  • Ex-High1.7059
  • Projection1.6664

Supports and Resistance levels

  • Support 11.6686
  • Support 21.6582
  • Resistance 11.6976
  • Resistance 21.7162
  • Pivot1.6872

It may attempt a test higher to 1.7090 - 1.7343 after which weakness may set it to a drift down to below 1.6562 limit.

Technical Forecast

  • Elliott Wave

    zigzag or flat correction

Key Points

  • Key Point1.7417
  • Entry Point1.6874
  • Trendline 11.6886
  • Trendline 21.6702
  • Elliott1.6330
  • Closing1.7069
  • Ex-Low1.6330
  • Ex-High1.7111
  • Projection1.7318

Supports and Resistance levels

  • Support 11.6562
  • Support 21.6056
  • Resistance 11.7343
  • Resistance 21.7618
  • Pivot1.6837