While below 1.7299 - 1.7332 it is more likely to fall further towards 1.7238 or 1.7210. Premature rise above 1.7332 could see it rising above 1.7387 zone.

Technical Forecast

  • Elliott Wave

    extended impulse wave up

Key Points

  • Key Point1.7303
  • Entry Point1.7258
  • Trendline 11.7189
  • Trendline 21.7270
  • Elliott1.7118
  • Closing1.7276
  • Ex-Low1.7200
  • Ex-High1.7322
  • Projection1.7333

Supports and Resistance levels

  • Support 11.7210
  • Support 21.7144
  • Resistance 11.7332
  • Resistance 21.7387
  • Pivot1.7266

Current upmove should end around 1.7212 - 1.7255 area. A correction down to 1.7065 or even 1.6949 is expected. A rise above 1.7329 will abort the expected correction.

Technical Forecast

  • Elliott Wave

    common flat correction up

Key Points

  • Key Point1.7241
  • Entry Point1.7132
  • Trendline 11.7214
  • Trendline 21.7158
  • Elliott1.7024
  • Closing1.7180
  • Ex-Low1.7024
  • Ex-High1.7214
  • Projection1.7271

Supports and Resistance levels

  • Support 11.7065
  • Support 21.6949
  • Resistance 11.7255
  • Resistance 21.7329
  • Pivot1.7139

One move lower to 1.6930 or 1.6681 is anticipated while below 1.7225 - 1.7350 area. Stop loss above 1.7520 zone.

Technical Forecast

  • Elliott Wave

    support in a triangle up

Key Points

  • Key Point1.7516
  • Entry Point1.7235
  • Trendline 11.6737
  • Trendline 21.7509
  • Elliott1.5876
  • Closing1.7180
  • Ex-Low1.6851
  • Ex-High1.7271
  • Projection1.7729

Supports and Resistance levels

  • Support 11.6930
  • Support 21.6681
  • Resistance 11.7350
  • Resistance 21.7520
  • Pivot1.7101