It looks set to visit further lower territory down to around 1.3440 - 1.3407. Its corrective attempts should fail ahead of 1.3440 - 1.3507. Stop loss above 1.3573 zone.

Technical Forecast

  • Elliott Wave

    extended impulse wave down 1.3386

  • Trend Warning

    Warning: End of trend - Imminent end of bearish move

Key Points

  • Key Point1.3406
  • Entry Point1.3460
  • Trendline 11.3545
  • Trendline 21.3482
  • Elliott1.3840
  • Closing1.3441
  • Ex-Low1.3439
  • Ex-High1.3539
  • Projection1.3386

Supports and Resistance levels

  • Support 11.3407
  • Support 21.3373
  • Resistance 11.3507
  • Resistance 21.3573
  • Pivot1.3473

While above 1.3670 - 1.3613 zone a corrective dip could test 1.3726 or 1.3810. After which it should resume his downtrend.

Technical Forecast

  • Elliott Wave

    flat correction up 1.3791

  • Trend Warning

    Warning: Low Zone

Key Points

  • Key Point1.3665
  • Entry Point1.3662
  • Trendline 11.3643
  • Trendline 21.3676
  • Elliott1.3610
  • Closing1.3696
  • Ex-Low1.3643
  • Ex-High1.3840
  • Projection1.3759

Supports and Resistance levels

  • Support 11.3613
  • Support 21.3529
  • Resistance 11.3810
  • Resistance 21.3923
  • Pivot1.3726

Resistances lie around 1.3767 and 1.3847. It should test lower towards 1.3524 zone. A clear break of 1.3673 would be bearish.

Technical Forecast

  • Elliott Wave

    irregular flat correction up 1.3781

Key Points

  • Key Point1.3773
  • Entry Point1.3716
  • Trendline 11.3528
  • Trendline 21.3792
  • Elliott1.3264
  • Closing1.3684
  • Ex-Low1.3528
  • Ex-High1.3851
  • Projection1.3940

Supports and Resistance levels

  • Support 11.3524
  • Support 21.3365
  • Resistance 11.3847
  • Resistance 21.4011
  • Pivot1.3688