It may meet resistance in 1.7288 - 1.7292 zone for a drift down to 1.7207 zone, after which bounce to 1.7373 is anticipated.

Technical Forecast

  • Elliott Wave

    extended impulse wave down

Key Points

  • Key Point1.7243
  • Entry Point1.7295
  • Trendline 11.7393
  • Trendline 21.7280
  • Elliott1.7818
  • Closing1.7288
  • Ex-Low1.7211
  • Ex-High1.7377
  • Projection1.7245

Supports and Resistance levels

  • Support 11.7207
  • Support 21.7126
  • Resistance 11.7373
  • Resistance 21.7458
  • Pivot1.7292

There is bearish potential for a fall to 1.7423 - 1.7310 while 1.7536 - 1.7607 resist. After this fall a recovery up to 1.7607 or 1.7679 is expected.

Technical Forecast

  • Elliott Wave

    elongated flat resistance in downtrend

Key Points

  • Key Point1.7401
  • Entry Point1.7519
  • Trendline 11.7655
  • Trendline 21.7627
  • Elliott1.8732
  • Closing1.7454
  • Ex-Low1.7392
  • Ex-High1.7761
  • Projection1.6944

Supports and Resistance levels

  • Support 11.7310
  • Support 21.7166
  • Resistance 11.7679
  • Resistance 21.7905
  • Pivot1.7536

It might hold above 1.7423 or 1.7181 for a rise towards above 1.7938. Stop loss below 1.6908 zone.

Technical Forecast

  • Elliott Wave

    resistance in a flat correction

Key Points

  • Key Point1.7099
  • Entry Point1.7478
  • Trendline 11.8149
  • Trendline 21.7567
  • Elliott1.8732
  • Closing1.7454
  • Ex-Low1.7392
  • Ex-High1.8149
  • Projection1.6389

Supports and Resistance levels

  • Support 11.7181
  • Support 21.6908
  • Resistance 11.7938
  • Resistance 21.8422
  • Pivot1.7665