Market should pop up towards 1.7359 or 1.7389 this bullish scenario would be damaged if 1.7286 - 1.7245 zone is broken, a severe break down could then occur.

Technical Forecast

  • Elliott Wave

    elongated flat correction down

Key Points

  • Key Point1.7272
  • Entry Point1.7331
  • Trendline 11.7412
  • Trendline 21.7354
  • Elliott1.7469
  • Closing1.7306
  • Ex-Low1.7267
  • Ex-High1.7412
  • Projection1.7187

Supports and Resistance levels

  • Support 11.7245
  • Support 21.7184
  • Resistance 11.7389
  • Resistance 21.7473
  • Pivot1.7328

There are initial signs of a good corrective recovery to at least 1.7616 or even above 1.7723. Supports at 1.7349 and 1.7190 zone.

Technical Forecast

  • Elliott Wave

    null

Key Points

  • Key Point1.7245
  • Entry Point1.7537
  • Trendline 11.7295
  • Trendline 21.7302
  • Elliott1.7828
  • Closing1.7403
  • Ex-Low1.7295
  • Ex-High1.7828
  • Projection1.6953

Supports and Resistance levels

  • Support 11.7190
  • Support 21.6976
  • Resistance 11.7723
  • Resistance 21.8042
  • Pivot1.7509

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