It looks more likely that it would rise to 1.7905 - 1.7984 from 1.7824 or 1.7785. After which a downside move is expected.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.7770
  • Entry Point1.7856
  • Trendline 11.7857
  • Trendline 21.7884
  • Elliott1.7943
  • Closing1.7826
  • Ex-Low1.7823
  • Ex-High1.7943
  • Projection1.7773

Supports and Resistance levels

  • Support 11.7785
  • Support 21.7744
  • Resistance 11.7905
  • Resistance 21.7984
  • Pivot1.7864

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Technical Forecast

  • Elliott Wave

    correction zigzag

Key Points

  • Key Point1.7902
  • Entry Point1.7926
  • Trendline 11.7948
  • Trendline 21.7957
  • Elliott1.7980
  • Closing1.7880
  • Ex-Low1.7789
  • Ex-High1.7958
  • Projection1.7756

Supports and Resistance levels

  • Support 11.7793
  • Support 21.7707
  • Resistance 11.7962
  • Resistance 21.8044
  • Pivot1.7876

It should test 1.8126 area after which a sell off down to 1.7490 or extended to 1.7148 area is expected.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.7814
  • Entry Point1.7848
  • Trendline 11.8014
  • Trendline 21.7732
  • Elliott1.8509
  • Closing1.7833
  • Ex-Low1.7393
  • Ex-High1.7980
  • Projection1.7637

Supports and Resistance levels

  • Support 11.7490
  • Support 21.7148
  • Resistance 11.8078
  • Resistance 21.8323
  • Pivot1.7735