It should test 2.4217 area after which a sell off down to 2.4035 or extended to 2.3918 area is expected.

Technical Forecast

  • Elliott Wave

    elongated flat correction down 2.4076

  • Trend Warning

    Warning: End of trend

Key Points

  • Key Point2.4053
  • Entry Point2.4067
  • Trendline 12.4160
  • Trendline 22.4031
  • Elliott2.4819
  • Closing2.4153
  • Ex-Low2.4014
  • Ex-High2.4228
  • Projection2.4076

Supports and Resistance levels

  • Support 12.4035
  • Support 22.3918
  • Resistance 12.4249
  • Resistance 22.4346
  • Pivot2.4132

Current upmove should continue to 2.4734 or 2.4934. Any correction should find support in 2.4525 - 2.4425 zone. A break above 2.4563 could accelerate the move up.

Technical Forecast

  • Elliott Wave

    flat correction down 2.4325

  • Trend Warning

    Warning: Harami

Key Points

  • Key Point2.4523
  • Entry Point2.4440
  • Trendline 12.4508
  • Trendline 22.4593
  • Elliott2.5645
  • Closing2.4533
  • Ex-Low2.4317
  • Ex-High2.4726
  • Projection2.4325

Supports and Resistance levels

  • Support 12.4325
  • Support 22.4116
  • Resistance 12.4734
  • Resistance 22.4934
  • Pivot2.4525

Strength can extend to 2.5139 or even higher than 2.5682 as declines are expected to find support at 2.4071 or 2.3546. A fall below 2.2460 could turn it bearish.

Technical Forecast

  • Elliott Wave

    support in a triangle up 2.4016

Key Points

  • Key Point2.4689
  • Entry Point2.4151
  • Trendline 12.3509
  • Trendline 22.3908
  • Elliott2.3110
  • Closing2.4633
  • Ex-Low2.3509
  • Ex-High2.5645
  • Projection2.5481

Supports and Resistance levels

  • Support 12.3546
  • Support 22.2460
  • Resistance 12.5682
  • Resistance 22.6732
  • Pivot2.4596