There is bearish potential for a fall to 1.4523 while 1.4635 - 1.4669 resist. After this fall a recovery up to 1.4669 or 1.4702 is expected.

Technical Forecast

  • Elliott Wave

    flat correction down 1.4477

  • Trend Warning

    Warning: Engulfing pattern

Key Points

  • Key Point1.4523
  • Entry Point1.4635
  • Trendline 11.4659
  • Trendline 21.4659
  • Elliott1.4747
  • Closing1.4590
  • Ex-Low1.4568
  • Ex-High1.4747
  • Projection1.4477

Supports and Resistance levels

  • Support 11.4523
  • Support 21.4456
  • Resistance 11.4702
  • Resistance 21.4814
  • Pivot1.4635

Current rise seems to be over near 1.4722 or 1.4838 for a retracement towards 1.4605 - 1.4544 area.

Technical Forecast

  • Elliott Wave

    flat correction up 1.4871

  • Trend Warning

    Warning: Imminent end of bullish move

Key Points

  • Key Point1.4883
  • Entry Point1.4594
  • Trendline 11.4371
  • Trendline 21.4432
  • Elliott1.4310
  • Closing1.4716
  • Ex-Low1.4371
  • Ex-High1.4727
  • Projection1.4967

Supports and Resistance levels

  • Support 11.4482
  • Support 21.4249
  • Resistance 11.4838
  • Resistance 21.4961
  • Pivot1.4605

It should test 1.4680 area after which a sell off down to 1.4343 or extended to 1.4097 area is expected.

Technical Forecast

  • Elliott Wave

    crucial reversal point

Key Points

  • Key Point1.4574
  • Entry Point1.4623
  • Trendline 11.4770
  • Trendline 21.4573
  • Elliott1.4967
  • Closing1.4590
  • Ex-Low1.4310
  • Ex-High1.4770
  • Projection1.4353

Supports and Resistance levels

  • Support 11.4343
  • Support 21.4097
  • Resistance 11.4803
  • Resistance 21.5017
  • Pivot1.4557