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