It looks set to visit further lower territory down to around 1.5589 - 1.5523. Its corrective attempts should fail ahead of 1.5589 - 1.5747. Stop loss above 1.5879 zone.

Technical Forecast

  • Elliott Wave

    flat correction down 1.5553

  • Trend Warning

    Warning: Imminent end of bearish move

Key Points

  • Key Point1.5552
  • Entry Point1.5646
  • Trendline 11.5788
  • Trendline 21.5680
  • Elliott1.5896
  • Closing1.5614
  • Ex-Low1.5564
  • Ex-High1.5788
  • Projection1.5553

Supports and Resistance levels

  • Support 11.5523
  • Support 21.5431
  • Resistance 11.5747
  • Resistance 21.5879
  • Pivot1.5655

It should trade higher to 1.5988 while 1.5568 or 1.5471 offers support. Stop loss below 1.5148 zone.

Technical Forecast

  • Elliott Wave

    crucial reversal point 1.5623

Key Points

  • Key Point1.5990
  • Entry Point1.5666
  • Trendline 11.5858
  • Trendline 21.5812
  • Elliott1.5341
  • Closing1.5795
  • Ex-Low1.5341
  • Ex-High1.5858
  • Projection1.6252

Supports and Resistance levels

  • Support 11.5471
  • Support 21.5148
  • Resistance 11.5988
  • Resistance 21.6182
  • Pivot1.5665

Currently uptrend should end around 1.6285 - 1.6080 area. A correction down to below 1.5321 is expected. A rise above 1.6371 will abort the expected correction.

Technical Forecast

  • Elliott Wave

    extended impulse wave up 1.5993

  • Trend Warning

    Warning: End of trend - Imminent end of bullish move

Key Points

  • Key Point1.6178
  • Entry Point1.5637
  • Trendline 11.4953
  • Trendline 21.5851
  • Elliott1.4310
  • Closing1.5788
  • Ex-Low1.5145
  • Ex-High1.5904
  • Projection1.6340

Supports and Resistance levels

  • Support 11.5321
  • Support 21.4853
  • Resistance 11.6080
  • Resistance 21.6371
  • Pivot1.5612