There is bearish potential for a fall to 1.1681 while 1.1730 - 1.1745 resist. After this fall a recovery up to 1.1745 or 1.1760 is expected.
Technical Forecast
- Elliott Waveelongated flat correction down
Key Points
- Key Point1.1683
- Entry Point1.1738
- Trendline 11.1779
- Trendline 21.1769
- Elliott1.1788
- Closing1.1711
- Ex-Low1.1699
- Ex-High1.1779
- Projection1.1640
Supports and Resistance levels
- Support 11.1681
- Support 21.1650
- Resistance 11.1760
- Resistance 21.1809
- Pivot1.1730
KingCobra