Resistances lie around 1.7519 and 1.7565. It should test lower towards 1.7380 zone. A clear break of 1.7464 would be bearish.

Technical Forecast

  • Elliott Wave

    extended impulse wave up

Key Points

  • Key Point1.7499
  • Entry Point1.7449
  • Trendline 11.7394
  • Trendline 21.7466
  • Elliott1.7038
  • Closing1.7471
  • Ex-Low1.7382
  • Ex-High1.7567
  • Projection1.7645

Supports and Resistance levels

  • Support 11.7380
  • Support 21.7288
  • Resistance 11.7565
  • Resistance 21.7658
  • Pivot1.7473

Uptrend is still intact in a triangle configuration. It should continue to rally to 1.7599 or 1.7666 if support around 1.7373 hold. After which a pullback to 1.7373 - 1.7275 zone is possible.

Technical Forecast

  • Elliott Wave

    impulse wave up

Key Points

  • Key Point1.7619
  • Entry Point1.7320
  • Trendline 11.7152
  • Trendline 21.7178
  • Elliott1.6685
  • Closing1.7471
  • Ex-Low1.7079
  • Ex-High1.7567
  • Projection1.7795

Supports and Resistance levels

  • Support 11.7178
  • Support 21.6885
  • Resistance 11.7666
  • Resistance 21.7860
  • Pivot1.7373

Uptrend is still intact in a triangle configuration. It should continue to rally to 1.7582 or 1.7578 if support around 1.7132 hold. After which a pullback to 1.7132 - 1.7017 zone is possible.

Technical Forecast

  • Elliott Wave

    flat correction up

Key Points

  • Key Point1.7684
  • Entry Point1.7189
  • Trendline 11.6560
  • Trendline 21.7201
  • Elliott1.6163
  • Closing1.7349
  • Ex-Low1.6685
  • Ex-High1.7362
  • Projection1.7652

Supports and Resistance levels

  • Support 11.6902
  • Support 21.6456
  • Resistance 11.7578
  • Resistance 21.7808
  • Pivot1.7132