Market should not go lower than 1.7151. After this move down it should go up to 1.7307 area.

Technical Forecast

  • Elliott Wave

    extension wave down

Key Points

  • Key Point1.7152
  • Entry Point1.7241
  • Trendline 11.7335
  • Trendline 21.7286
  • Elliott1.7469
  • Closing1.7212
  • Ex-Low1.7197
  • Ex-High1.7347
  • Projection1.7079

Supports and Resistance levels

  • Support 11.7157
  • Support 21.7102
  • Resistance 11.7307
  • Resistance 21.7402
  • Pivot1.7252

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