While below 1.6931 it is more likely to fall further towards 1.6867 or 1.6837 level.

Technical Forecast

  • Elliott Wave

    impulse wave up

Key Points

  • Key Point1.6888
  • Entry Point1.6867
  • Trendline 11.6845
  • Trendline 21.6858
  • Elliott1.6590
  • Closing1.6870
  • Ex-Low1.6804
  • Ex-High1.6928
  • Projection1.6901

Supports and Resistance levels

  • Support 11.6806
  • Support 21.6743
  • Resistance 11.6931
  • Resistance 21.6992
  • Pivot1.6867

It should trade higher to 1.7002 while 1.6796 or 1.6730 offers support. Stop loss below 1.6664 zone.

Technical Forecast

  • Elliott Wave

    flat correction up

Key Points

  • Key Point1.6981
  • Entry Point1.6785
  • Trendline 11.6745
  • Trendline 21.6745
  • Elliott1.6590
  • Closing1.6870
  • Ex-Low1.6590
  • Ex-High1.6928
  • Projection1.7166

Supports and Resistance levels

  • Support 11.6664
  • Support 21.6457
  • Resistance 11.7002
  • Resistance 21.7135
  • Pivot1.6796

Uptrend is still intact in a triangle configuration. It should continue to rally to 1.7308 or 1.7393 if support around 1.6872 hold. After which a pullback to 1.6872 - 1.6738 zone is possible.

Technical Forecast

  • Elliott Wave

    flat correction up

Key Points

  • Key Point1.7504
  • Entry Point1.7040
  • Trendline 11.6351
  • Trendline 21.6864
  • Elliott1.5839
  • Closing1.7125
  • Ex-Low1.6351
  • Ex-High1.7140
  • Projection1.7854

Supports and Resistance levels

  • Support 11.6604
  • Support 21.6084
  • Resistance 11.7393
  • Resistance 21.7660
  • Pivot1.6872