Current rise seems to be over near 1.4809 or 1.4865 for a retracement towards 1.4753 - 1.4722 area.
Technical Forecast
-
Elliott Wave
elongated flat correction up 1.4916
Key Points
- Key Point1.4880
- Entry Point1.4732
- Trendline 11.4641
- Trendline 21.4643
- Elliott1.4639
- Closing1.4804
- Ex-Low1.4641
- Ex-High1.4814
- Projection1.4938
Supports and Resistance levels
- Support 11.4692
- Support 21.4580
- Resistance 11.4865
- Resistance 21.4926
- Pivot1.4753
While below 1.4788 - 1.4862 it is more likely to fall further towards 1.4660 or 1.4606. Premature rise above 1.4862 could see it rising above 1.4971 zone.
Technical Forecast
-
Elliott Wave
flat correction up 1.4871
-
Trend Warning
Warning: Imminent end of bullish move
Key Points
- Key Point1.4848
- Entry Point1.4735
- Trendline 11.4549
- Trendline 21.4765
- Elliott1.4310
- Closing1.4753
- Ex-Low1.4568
- Ex-High1.4824
- Projection1.4967
Supports and Resistance levels
- Support 11.4606
- Support 21.4459
- Resistance 11.4862
- Resistance 21.4971
- Pivot1.4715
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