Forex Analysis: EUR/USD Classic Technical Report 01.29.2013

By Ilya Spivak | DailyFX – Tue, Jan 29, 2013 11:37 PM SGT

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RELATED QUOTES

SymbolPriceChange
EURUSD=X1.29360.00

Prices are pulling back from resistance at the top of a rising channel set from early December (1.3472), a barrier reinforced by the 76.4% Fibonacci expansion at 1.3492. Negative RSI divergence reinforces the case for a downside scenario. Near-term support is at 1.3397, the 61.8% level. A break below that aims for the 1.33 figure and the 38.2% expansion at 1.3244.

Forex_Analysis_EURUSD_Classic_Technical_Report_01.29.2013_body_Picture_1.png, Forex Analysis: EUR/USD Classic Technical Report 01.29.2013

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

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Market Data

  • Currencies
    NamePriceChange% Chg
    1.2642-0.00-0.08%
    USDSGD=X
    1.6353-0.00-0.07%
    EURSGD=X
    1.9123-0.00-0.07%
    GBPSGD=X
    80.0309-0.67-0.83%
    SGDJPY=X
    6.14100.00+0.00%
    SGDHKD=X
    2.4003-0.00-0.02%
    SGDMYR=X
    7,732.16550.42+0.01%
    SGDIDR=X
    4.8516-0.00-0.07%
    SGDCNY=X
    1.2201-0.00-0.05%
    AUDSGD=X
    More Currencies »
  • Commodities
    NamePriceChange% Chg
    1,385.50-6.30-0.45%
    GCM13.CMX
    22.32-0.19-0.84%
    SIN13.CMX
    100.58-1.27-1.24%
    ^XAU
    3.29-0.02-0.47%
    HGN13.CMX
    93.87-0.38-0.40%
    CLN13.NYM
    More Commodities »
  • Bonds
    TreasuryYield (%)Yield Change
    0.89-0.01
    ^FVX
    2.01-0.01
    ^TNX
    3.17-0.02
    ^TYX
    More Bonds »

MARKET MOVERS

  • Most Actives
    NamePriceChange% Chg
    1.925-0.26-11.70%
    C52.SI
    0.11-0.00-1.79%
    5RJ.SI
    0.196-0.00-0.51%
    I26.SI
    0.115-0.00-4.17%
    5HC.SI
    0.1350.01+3.85%
    5GC.SI
    More Most Actives »
  • % Gainers
    NamePriceChange% Chg
    0.1520.02+13.43%
    N6H.SI
    0.5250.05+10.53%
    S48.SI
    0.230.02+9.52%
    543.SI
    0.1860.01+7.51%
    Z75.SI
    0.160.01+6.67%
    H20.SI
    More % Gainers »
  • % Losers
    NamePriceChange% Chg
    0.102-0.03-24.44%
    O57.SI
    0.104-0.02-14.05%
    S71.SI
    0.149-0.02-11.83%
    A59.SI
    0.09-0.01-11.76%
    5HW.SI
    1.925-0.26-11.70%
    C52.SI
    More % Losers »