Market should not go lower than 1.6934 - 1.6901. After this move down it should go up to 1.6987 - 1.7007 area.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.6934
  • Entry Point1.6979
  • Trendline 11.7030
  • Trendline 21.7018
  • Elliott1.7065
  • Closing1.6940
  • Ex-Low1.6928
  • Ex-High1.7034
  • Projection1.6869

Supports and Resistance levels

  • Support 11.6901
  • Support 21.6862
  • Resistance 11.7007
  • Resistance 21.7073
  • Pivot1.6967

While below 1.6940 - 1.6958 it could fall towards below 1.6762. Rise above 1.7003 could activate some bullish pattern.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.6936
  • Entry Point1.6941
  • Trendline 11.6977
  • Trendline 21.7034
  • Elliott1.7286
  • Closing1.6940
  • Ex-Low1.6869
  • Ex-High1.7065
  • Projection1.6786

Supports and Resistance levels

  • Support 11.6851
  • Support 21.6762
  • Resistance 11.7047
  • Resistance 21.7154
  • Pivot1.6958

Resistances lie around 1.7113 and 1.7223. It should test lower towards 1.6722 zone. A clear break of 1.6749 would be bearish.

Technical Forecast

  • Elliott Wave

    correction zigzag

Key Points

  • Key Point1.6924
  • Entry Point1.6852
  • Trendline 11.6724
  • Trendline 21.6974
  • Elliott1.6596
  • Closing1.6940
  • Ex-Low1.6786
  • Ex-High1.7286
  • Projection1.7066

Supports and Resistance levels

  • Support 11.6722
  • Support 21.6504
  • Resistance 11.7223
  • Resistance 21.7505
  • Pivot1.7004