While below 1.9754 - 1.9803 it is more likely to fall further towards 1.9617 or 1.9518.

Technical Forecast

  • Elliott Wave

    elongated flat correction up 1.9850

Key Points

  • Key Point1.9738
  • Entry Point1.9674
  • Trendline 11.9589
  • Trendline 21.9682
  • Elliott1.9526
  • Closing1.9715
  • Ex-Low1.9606
  • Ex-High1.9792
  • Projection1.9875

Supports and Resistance levels

  • Support 11.9617
  • Support 21.9518
  • Resistance 11.9803
  • Resistance 21.9890
  • Pivot1.9704

It looks set to visit further lower territory down to around 1.9525 - 1.9423. Its corrective attempts should fail ahead of 1.9525 - 1.9767. Stop loss above 1.9970 zone.

Technical Forecast

  • Elliott Wave

    crucial reversal point

  • Trend Warning

    Warning: End of trend - Imminent end of bearish move

Key Points

  • Key Point1.9507
  • Entry Point1.9583
  • Trendline 11.9820
  • Trendline 21.9730
  • Elliott2.0833
  • Closing1.9565
  • Ex-Low1.9484
  • Ex-High1.9828
  • Projection1.9087

Supports and Resistance levels

  • Support 11.9423
  • Support 21.9282
  • Resistance 11.9767
  • Resistance 21.9970
  • Pivot1.9626

Market should not go lower than 1.9469. After this move down it should go up to 2.0264 - 2.0434 area.

Technical Forecast

  • Elliott Wave

    crucial reversal point

  • Trend Warning

    Warning: Imminent end of bearish move

Key Points

  • Key Point1.9481
  • Entry Point1.9988
  • Trendline 12.0679
  • Trendline 22.0196
  • Elliott2.1162
  • Closing1.9849
  • Ex-Low1.9754
  • Ex-High2.0679
  • Projection1.8719

Supports and Resistance levels

  • Support 11.9509
  • Support 21.9169
  • Resistance 12.0434
  • Resistance 22.1019
  • Pivot2.0094