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