It should try higher up to 2.2493 - 2.2601. Entry point 2.2385 or 2.2328. After this rise, a correction is expected.

Technical Forecast

  • Elliott Wave

    flat correction up 2.2667

Key Points

  • Key Point2.2643
  • Entry Point2.2485
  • Trendline 12.2362
  • Trendline 22.2407
  • Elliott2.1694
  • Closing2.2488
  • Ex-Low2.2169
  • Ex-High2.2498
  • Projection2.2744

Supports and Resistance levels

  • Support 12.2272
  • Support 22.2056
  • Resistance 12.2601
  • Resistance 22.2714
  • Pivot2.2385

Market should not go lower than 2.1530. After this move down it should go up to 2.2552 area.

Technical Forecast

  • Elliott Wave

    crucial reversal point 2.2314

  • Trend Warning

    Warning: End of trend - Imminent end of bearish move

Key Points

  • Key Point2.1671
  • Entry Point2.2274
  • Trendline 12.2633
  • Trendline 22.2554
  • Elliott2.3890
  • Closing2.1959
  • Ex-Low2.1750
  • Ex-High2.2744
  • Projection2.1139

Supports and Resistance levels

  • Support 12.1558
  • Support 22.1157
  • Resistance 12.2552
  • Resistance 22.3145
  • Pivot2.2151

There are initial signs of a good corrective recovery towards 2.3388 or even 2.4093. Supports at 2.2628 and 2.2275 zone.

Technical Forecast

  • Elliott Wave

    flat correction down 2.2314

  • Trend Warning

    Warning: Harami

Key Points

  • Key Point2.2497
  • Entry Point2.3040
  • Trendline 12.2538
  • Trendline 22.2872
  • Elliott2.3890
  • Closing2.2683
  • Ex-Low2.2572
  • Ex-High2.3685
  • Projection2.2190

Supports and Resistance levels

  • Support 12.2275
  • Support 22.1867
  • Resistance 12.3388
  • Resistance 22.4093
  • Pivot2.2980