There are initial signs of a good corrective recovery towards 1.9895 or even 1.9930. Supports at 1.9804 and 1.9748 zone.

Technical Forecast

  • Elliott Wave

    correction zigzag 1.9740

Key Points

  • Key Point1.9752
  • Entry Point1.9862
  • Trendline 11.9788
  • Trendline 21.9939
  • Elliott1.9973
  • Closing1.9817
  • Ex-Low1.9791
  • Ex-High1.9973
  • Projection1.9740

Supports and Resistance levels

  • Support 11.9748
  • Support 21.9678
  • Resistance 11.9930
  • Resistance 22.0042
  • Pivot1.9860

It should trade lower to 1.9452. Resistances are at 1.9799 and 1.9928. A break of 2.0146 is bullish, confirmed by a close above 1.9942.

Technical Forecast

  • Elliott Wave

    flat correction up 1.9810

Key Points

  • Key Point1.9807
  • Entry Point1.9584
  • Trendline 11.9645
  • Trendline 21.9670
  • Elliott1.9362
  • Closing1.9671
  • Ex-Low1.9362
  • Ex-High1.9709
  • Projection1.9959

Supports and Resistance levels

  • Support 11.9452
  • Support 21.9234
  • Resistance 11.9799
  • Resistance 21.9928
  • Pivot1.9581

It should try higher up to 1.9942 - 2.0144. Entry point 1.9740 or 1.9605. After this rise, a correction is expected.

Technical Forecast

  • Elliott Wave

    crucial reversal point

Key Points

  • Key Point2.0069
  • Entry Point1.9703
  • Trendline 11.9937
  • Trendline 21.9437
  • Elliott1.9337
  • Closing1.9872
  • Ex-Low1.9337
  • Ex-High2.0012
  • Projection2.0465

Supports and Resistance levels

  • Support 11.9469
  • Support 21.9065
  • Resistance 12.0144
  • Resistance 22.0415
  • Pivot1.9740