Current rise should end around 1.5257. Objectives of this downmove are 1.5101 or 1.5009. A rise above 1.5321 is again bullish.

Technical Forecast

  • Elliott Wave

    support in an exagerated wave up 1.5138

  • Trend Warning

    Warning: End of trend - Imminent end of bullish move

Key Points

  • Key Point1.5279
  • Entry Point1.5225
  • Trendline 11.5145
  • Trendline 21.5221
  • Elliott1.4778
  • Closing1.5193
  • Ex-Low1.5073
  • Ex-High1.5229
  • Projection1.6674

Supports and Resistance levels

  • Support 11.5101
  • Support 21.5009
  • Resistance 11.5257
  • Resistance 21.5321
  • Pivot1.5165

Current rise seems to be over near 1.4847 or 1.4926 for a retracement towards 1.4768 - 1.4720 area.

Technical Forecast

  • Elliott Wave

    common flat correction up 1.4954

  • Trend Warning

    Warning: Imminent end of bullish move

Key Points

  • Key Point1.4926
  • Entry Point1.4772
  • Trendline 11.4599
  • Trendline 21.4739
  • Elliott1.4439
  • Closing1.4831
  • Ex-Low1.4610
  • Ex-High1.4863
  • Projection1.4954

Supports and Resistance levels

  • Support 11.4673
  • Support 21.4515
  • Resistance 11.4926
  • Resistance 21.5021
  • Pivot1.4768

It should trade higher to 1.5066 while 1.4716 or 1.4613 offers support. Stop loss below 1.4509 zone.

Technical Forecast

  • Elliott Wave

    support in a triangle up 1.4716

Key Points

  • Key Point1.5077
  • Entry Point1.4659
  • Trendline 11.4365
  • Trendline 21.4420
  • Elliott1.4310
  • Closing1.4860
  • Ex-Low1.4365
  • Ex-High1.4922
  • Projection1.5373

Supports and Resistance levels

  • Support 11.4509
  • Support 21.4159
  • Resistance 11.5066
  • Resistance 21.5273
  • Pivot1.4716