It should try higher up to 1.4790 - 1.4832. Entry point 1.4747 or 1.4721. After this rise, a correction is expected.

Technical Forecast

  • Elliott Wave

    flat correction up 1.4881

Key Points

  • Key Point1.4832
  • Entry Point1.4772
  • Trendline 11.4735
  • Trendline 21.4736
  • Elliott1.4365
  • Closing1.4781
  • Ex-Low1.4662
  • Ex-High1.4798
  • Projection1.4922

Supports and Resistance levels

  • Support 11.4696
  • Support 21.4611
  • Resistance 11.4832
  • Resistance 21.4883
  • Pivot1.4747

It may attempt a test higher to 1.4725 - 1.4845 after which weakness may set it to a drift down to below 1.4431 limit.

Technical Forecast

  • Elliott Wave

    flat correction down 1.4544

Key Points

  • Key Point1.4770
  • Entry Point1.4704
  • Trendline 11.4779
  • Trendline 21.4636
  • Elliott1.4922
  • Closing1.4671
  • Ex-Low1.4365
  • Ex-High1.4779
  • Projection1.4544

Supports and Resistance levels

  • Support 11.4431
  • Support 21.4191
  • Resistance 11.4845
  • Resistance 21.5019
  • Pivot1.4605

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