It should trade higher to above 1.6824 while 1.6713 - 1.6677 offer support. Stop Loss below 1.6603 zone.

Technical Forecast

  • Elliott Wave

    extension wave down

Key Points

  • Key Point1.6740
  • Entry Point1.6765
  • Trendline 11.6822
  • Trendline 21.6759
  • Elliott1.6884
  • Closing1.6751
  • Ex-Low1.6675
  • Ex-High1.6822
  • Projection1.6678

Supports and Resistance levels

  • Support 11.6677
  • Support 21.6603
  • Resistance 11.6824
  • Resistance 21.6896
  • Pivot1.6749

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