There is bearish potential for a fall to 1.1626 while 1.1685 - 1.1703 resist. After this fall a recovery up to 1.1703 or 1.1720 is expected.
Technical Forecast
-
Elliott Wave
irregular flat correction down
Key Points
- Key Point1.1624
- Entry Point1.1685
- Trendline 11.1699
- Trendline 21.1699
- Elliott1.1745
- Closing1.1661
- Ex-Low1.1650
- Ex-High1.1745
- Projection1.1613
Supports and Resistance levels
- Support 11.1626
- Support 21.1591
- Resistance 11.1720
- Resistance 21.1780
- Pivot1.1685
It should register gains to 1.1779. Corrective decline should be supported in 1.1649 - 1.1602 area. Stop Loss below 1.1519 zone.
Technical Forecast
-
Elliott Wave
flat correction up
Key Points
- Key Point1.1679
- Entry Point1.1656
- Trendline 11.1633
- Trendline 21.1656
- Elliott1.1509
- Closing1.1685
- Ex-Low1.1613
- Ex-High1.1791
- Projection1.1850
Supports and Resistance levels
- Support 11.1602
- Support 21.1519
- Resistance 11.1779
- Resistance 21.1874
- Pivot1.1696
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Technical Forecast
-
Elliott Wave
flat correction down
Key Points
- Key Point-5.8799
- Entry Point-5.8745
- Trendline 1-9.3786
- Trendline 21.1615
- Elliott22.3473
- Closing1.1684
- Ex-Low1.1509
- Ex-High1.1850
- Projection1.1555
Supports and Resistance levels
- Support 11.1512
- Support 21.1340
- Resistance 11.1853
- Resistance 21.2022
- Pivot1.1681