Strength can extend to 1.7357 or 1.7421 as declines are expected to find support at 1.7236 or 1.7178. A fall below 1.7051 could turn it bearish.

Technical Forecast

  • Elliott Wave

    exagerated impulse wave up

Key Points

  • Key Point1.7334
  • Entry Point1.7288
  • Trendline 11.7228
  • Trendline 21.7260
  • Elliott1.6630
  • Closing1.7305
  • Ex-Low1.7167
  • Ex-High1.7410
  • Projection1.7404

Supports and Resistance levels

  • Support 11.7178
  • Support 21.7051
  • Resistance 11.7421
  • Resistance 21.7537
  • Pivot1.7294

Current rise seems to be over near 1.7357 or 1.7545 for a retracement towards 1.7170 - 1.7050 area.

Technical Forecast

  • Elliott Wave

    elongated flat correction up

Key Points

  • Key Point1.7507
  • Entry Point1.7145
  • Trendline 11.6795
  • Trendline 21.6962
  • Elliott1.6630
  • Closing1.7305
  • Ex-Low1.6796
  • Ex-High1.7410
  • Projection1.7579

Supports and Resistance levels

  • Support 11.6930
  • Support 21.6556
  • Resistance 11.7545
  • Resistance 21.7784
  • Pivot1.7170

Uptrend is still intact in a triangle configuration. It should continue to rally to 1.7154 or 1.7330 if support around 1.6804 hold. After which a pullback to 1.6804 - 1.6598 zone is possible.

Technical Forecast

  • Elliott Wave

    irregular flat support in correction up

Key Points

  • Key Point1.7088
  • Entry Point1.6730
  • Trendline 11.6457
  • Trendline 21.6560
  • Elliott1.5237
  • Closing1.6918
  • Ex-Low1.6279
  • Ex-High1.7217
  • Projection1.7473

Supports and Resistance levels

  • Support 11.6392
  • Support 21.5866
  • Resistance 11.7330
  • Resistance 21.7742
  • Pivot1.6804