Thu, May 17, 2012, 3:38 AM SGT - Singapore Markets open in 5 hrs 22 mins

EUR/USD Classical Technical Report 02.23

By Joel Kruger | DailyFX – Thu, Feb 23, 2012 3:23 PM SGT

Daily_Classical_EURUSD_body_eur.png, EUR/USD Classical Technical Report 02.23

EUR/USD: Inability to close below previous key support at 1.3025 leaves the market locked in some multi-day consolidation, with no clear short-term directional bias. At this point, the key levels to watch above and below comes in by 1.3325 and 1.2970 respectively, and a daily close above or below will be required to open the door for the next major move. Until then, we can expect to see some choppy inter-day trade.

--- Written by Joel Kruger, Technical Currency Strategist

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Market Data

  • Currencies
    NamePriceChange% Chg
    1.26830.01+0.53%
    USDSGD=X
    1.61370.01+0.45%
    EURSGD=X
    2.0182-0.00-0.01%
    GBPSGD=X
    63.2786-0.32-0.50%
    SGDJPY=X
    6.1251-0.03-0.53%
    SGDHKD=X
    2.45730.02+0.63%
    SGDMYR=X
    7,287.8242-86.44-1.17%
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    4.9853-0.02-0.43%
    SGDCNY=X
    1.25780.00+0.28%
    AUDSGD=X
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    143.031.43+1.01%
    ^XAU
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    HGK12.CMX
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    CLM12.NYM
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    O32.SI
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    E5H.SI
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    G13.SI
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    Z74.SI
    1.09-0.04-3.96%
    N21.SI
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    JA9.SI
    0.3550.02+5.97%
    558.SI
    0.2250.01+4.65%
    KF4.SI
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    K6J.SI
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    533.SI
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    567.SI
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    508.SI
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