Market should hold major support at 1.6722 before rising towards 1.6837 or even 1.6872 limit.

Technical Forecast

  • Elliott Wave

    elongated flat correction down

Key Points

  • Key Point1.6808
  • Entry Point1.6820
  • Trendline 11.6802
  • Trendline 21.6802
  • Elliott1.6832
  • Closing1.6801
  • Ex-Low1.6756
  • Ex-High1.6832
  • Projection1.6756

Supports and Resistance levels

  • Support 11.6761
  • Support 21.6721
  • Resistance 11.6837
  • Resistance 21.6872
  • Pivot1.6797

There is bearish potential for a fall to 1.6989 - 1.6743 while 1.7236 - 1.7402 resist. After this fall a recovery up to 1.7402 or 1.7568 is expected.

Technical Forecast

  • Elliott Wave

    flat correction down

Key Points

  • Key Point1.7110
  • Entry Point1.7408
  • Trendline 11.7391
  • Trendline 21.7391
  • Elliott1.7796
  • Closing1.7075
  • Ex-Low1.6904
  • Ex-High1.7729
  • Projection1.6702

Supports and Resistance levels

  • Support 11.6743
  • Support 21.6410
  • Resistance 11.7568
  • Resistance 21.8062
  • Pivot1.7236