Resistances lie around 1.6681 and 1.6725. It should test lower towards 1.6544 zone. A clear break of 1.6624 would be bearish.

Technical Forecast

  • Elliott Wave

    elongated flat correction up

Key Points

  • Key Point1.6643
  • Entry Point1.6616
  • Trendline 11.6583
  • Trendline 21.6610
  • Elliott1.6423
  • Closing1.6633
  • Ex-Low1.6548
  • Ex-High1.6728
  • Projection1.6749

Supports and Resistance levels

  • Support 11.6544
  • Support 21.6456
  • Resistance 11.6725
  • Resistance 21.6817
  • Pivot1.6636

Currently uptrend should end around 1.6681 - 1.6767 area. A correction down to 1.6528 - 1.6462 is expected. A rise above 1.6900 will abort the expected correction.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point1.6690
  • Entry Point1.6570
  • Trendline 11.6423
  • Trendline 21.6517
  • Elliott1.6330
  • Closing1.6633
  • Ex-Low1.6423
  • Ex-High1.6728
  • Projection1.6941

Supports and Resistance levels

  • Support 11.6462
  • Support 21.6290
  • Resistance 11.6767
  • Resistance 21.6900
  • Pivot1.6595

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