It looks set to visit further lower territory down to around 1.7105. Its corrective attempts should fail ahead of 1.7184. Stop loss above 1.7226 zone.

Technical Forecast

  • Elliott Wave

    elongated flat correction down

Key Points

  • Key Point1.7112
  • Entry Point1.7131
  • Trendline 11.7140
  • Trendline 21.7131
  • Elliott1.7308
  • Closing1.7141
  • Ex-Low1.7111
  • Ex-High1.7190
  • Projection1.7049

Supports and Resistance levels

  • Support 11.7105
  • Support 21.7068
  • Resistance 11.7184
  • Resistance 21.7226
  • Pivot1.7147

One move lower to 1.6854 or 1.6620 is anticipated while below 1.7143 - 1.7260 area. Stop loss above 1.7431 zone.

Technical Forecast

  • Elliott Wave

    common flat correction up

Key Points

  • Key Point1.7264
  • Entry Point1.7087
  • Trendline 11.6770
  • Trendline 21.7152
  • Elliott1.6294
  • Closing1.7088
  • Ex-Low1.6791
  • Ex-High1.7197
  • Projection1.7205

Supports and Resistance levels

  • Support 11.6854
  • Support 21.6620
  • Resistance 11.7260
  • Resistance 21.7431
  • Pivot1.7026