There are initial signs of a good corrective recovery towards 2.5239 or even 2.5392. Supports at 2.4807 and 2.4528 zone.

Technical Forecast

  • Elliott Wave

    correction zigzag 2.4577

  • Trend Warning

    Warning: End of trend

Key Points

  • Key Point2.4453
  • Entry Point2.5049
  • Trendline 12.4646
  • Trendline 22.5335
  • Elliott2.5645
  • Closing2.4833
  • Ex-Low2.4781
  • Ex-High2.5645
  • Projection2.4325

Supports and Resistance levels

  • Support 12.4528
  • Support 22.4222
  • Resistance 12.5392
  • Resistance 22.5950
  • Pivot2.5086

Strength can extend to 2.5239 or 2.5716 as declines are expected to find support at 2.4762 or 2.4321. A fall below 2.3879 could turn it bearish.

Technical Forecast

  • Elliott Wave

    support in a zigzag correction 2.4370

  • Trend Warning

    Warning: End of trend

Key Points

  • Key Point2.4940
  • Entry Point2.4336
  • Trendline 12.3841
  • Trendline 22.4107
  • Elliott2.3110
  • Closing2.4833
  • Ex-Low2.3808
  • Ex-High2.5645
  • Projection2.5706

Supports and Resistance levels

  • Support 12.3879
  • Support 22.2925
  • Resistance 12.5716
  • Resistance 22.6599
  • Pivot2.4762

Structure suggests that it could fall to 2.3332 while below 2.3891 area. A rise above 2.4151 is bullish.

Technical Forecast

  • Elliott Wave

    crucial reversal point

Key Points

  • Key Point2.4185
  • Entry Point2.3647
  • Trendline 12.3624
  • Trendline 22.3920
  • Elliott2.3110
  • Closing2.3852
  • Ex-Low2.3110
  • Ex-High2.3929
  • Projection2.4575

Supports and Resistance levels

  • Support 12.3332
  • Support 22.2811
  • Resistance 12.4151
  • Resistance 22.4449
  • Pivot2.3630