Market should not go lower than 1.7158 - 1.7101. After this move down it should go up to 1.7256 - 1.7298 area.

Technical Forecast

  • Elliott Wave

    irregular flat correction down

Key Points

  • Key Point1.7138
  • Entry Point1.7233
  • Trendline 11.7253
  • Trendline 21.7253
  • Elliott1.7329
  • Closing1.7184
  • Ex-Low1.7132
  • Ex-High1.7329
  • Projection1.7132

Supports and Resistance levels

  • Support 11.7101
  • Support 21.7019
  • Resistance 11.7298
  • Resistance 21.7411
  • Pivot1.7215

It should trade lower to 1.7174. Resistances are at 1.7336 and 1.7401. A break of 1.7498 is bullish, confirmed by a close above 1.7367.

Technical Forecast

  • Elliott Wave

    common flat correction up

Key Points

  • Key Point1.7319
  • Entry Point1.7230
  • Trendline 11.7304
  • Trendline 21.7229
  • Elliott1.7142
  • Closing1.7271
  • Ex-Low1.7142
  • Ex-High1.7304
  • Projection1.7379

Supports and Resistance levels

  • Support 11.7174
  • Support 21.7077
  • Resistance 11.7336
  • Resistance 21.7401
  • Pivot1.7239

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