Decline should be supported around 2.0263 - 2.0236 zone for rally to above 2.0342. A clear break of 2.0236 will damage this expected rally.

Technical Forecast

  • Elliott Wave

    irregular flat correction down 2.0184

  • Trend Warning

    Warning: End of trend

Key Points

  • Key Point2.0255
  • Entry Point2.0311
  • Trendline 12.0304
  • Trendline 22.0340
  • Elliott2.0366
  • Closing2.0291
  • Ex-Low2.0287
  • Ex-High2.0366
  • Projection2.0234

Supports and Resistance levels

  • Support 12.0263
  • Support 22.0236
  • Resistance 12.0342
  • Resistance 22.0394
  • Pivot2.0315

It should try higher up to 2.0305 - 2.0392. Entry point 2.0218 or 2.0164. After this rise, a correction is expected.

Technical Forecast

  • Elliott Wave

    flat correction up 2.0404

Key Points

  • Key Point2.0386
  • Entry Point2.0248
  • Trendline 12.0119
  • Trendline 22.0193
  • Elliott1.9652
  • Closing2.0285
  • Ex-Low2.0043
  • Ex-High2.0325
  • Projection2.0463

Supports and Resistance levels

  • Support 12.0110
  • Support 21.9936
  • Resistance 12.0392
  • Resistance 22.0500
  • Pivot2.0218

It should be subject to more sell off towards 1.9722 or 1.9281. Corrective upward swings should face resistance around 2.0371 area. A break of 2.0903 is bullish.

Technical Forecast

  • Elliott Wave

    flat correction down 1.9881

  • Trend Warning

    Warning: Low Zone

Key Points

  • Key Point2.0267
  • Entry Point2.0294
  • Trendline 12.0463
  • Trendline 22.0272
  • Elliott2.0654
  • Closing2.0162
  • Ex-Low1.9652
  • Ex-High2.0463
  • Projection1.9623

Supports and Resistance levels

  • Support 11.9722
  • Support 21.9281
  • Resistance 12.0533
  • Resistance 22.0903
  • Pivot2.0092