Support at 1.7371 or 1.7343 should hold. Then a correction to above 1.7487 is anticipated. A clear break of 1.7312 is again bearish.

Technical Forecast

  • Elliott Wave

    elongated flat correction down

Key Points

  • Key Point1.7335
  • Entry Point1.7396
  • Trendline 11.7368
  • Trendline 21.7404
  • Elliott1.7456
  • Closing1.7374
  • Ex-Low1.7369
  • Ex-High1.7456
  • Projection1.7333

Supports and Resistance levels

  • Support 11.7343
  • Support 21.7312
  • Resistance 11.7431
  • Resistance 21.7487
  • Pivot1.7400

It should test 1.7419 area after which a sell off down to 1.7299 or extended to 1.7216 area is expected.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.7401
  • Entry Point1.7319
  • Trendline 11.7464
  • Trendline 21.7195
  • Elliott1.7772
  • Closing1.7383
  • Ex-Low1.7287
  • Ex-High1.7443
  • Projection1.7334

Supports and Resistance levels

  • Support 11.7299
  • Support 21.7216
  • Resistance 11.7455
  • Resistance 21.7527
  • Pivot1.7371

While above 1.7259 - 1.7087 zone a corrective dip could test 1.7430 or 1.7691.

Technical Forecast

  • Elliott Wave

    correction zigzag

Key Points

  • Key Point1.7265
  • Entry Point1.7243
  • Trendline 11.7168
  • Trendline 21.7272
  • Elliott1.7064
  • Closing1.7349
  • Ex-Low1.7168
  • Ex-High1.7772
  • Projection1.7580

Supports and Resistance levels

  • Support 11.7087
  • Support 21.6826
  • Resistance 11.7691
  • Resistance 21.8034
  • Pivot1.7430