It should trade lower to 1.7737 - 1.7689. Resistances are at 1.7816 and 1.7848. A break of 1.7943 is bullish, confirmed by a close above 1.7657.

Technical Forecast

  • Elliott Wave

    extension wave down

Key Points

  • Key Point1.7705
  • Entry Point1.7792
  • Trendline 11.7819
  • Trendline 21.7819
  • Elliott1.7879
  • Closing1.7753
  • Ex-Low1.7721
  • Ex-High1.7879
  • Projection1.7666

Supports and Resistance levels

  • Support 11.7689
  • Support 21.7626
  • Resistance 11.7848
  • Resistance 21.7943
  • Pivot1.7784

It may attempt a test higher to 1.7884 - 1.7956 after which weakness may set it to a drift down to 1.7682 limit.

Technical Forecast

  • Elliott Wave

    correction zigzag

Key Points

  • Key Point1.7846
  • Entry Point1.7903
  • Trendline 11.7940
  • Trendline 21.7927
  • Elliott1.7980
  • Closing1.7826
  • Ex-Low1.7668
  • Ex-High1.7943
  • Projection1.7756

Supports and Resistance levels

  • Support 11.7682
  • Support 21.7538
  • Resistance 11.7956
  • Resistance 21.8087
  • Pivot1.7812

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