FOREX Technical Analysis: EUR/USD Unchanged after Friday Surge

By Jamie Saettele, CMT | DailyFX – Tue, Dec 18, 2012 7:08 AM SGT

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SymbolPriceChange
EURUSD=X1.34030.00

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eliottWaves_eur-usd_body_eurusd.png, FOREX Technical Analysis: EUR/USD Unchanged after Friday Surge

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: A longer term breakout was discussed in Friday’s FX Technical Weekly. Near term, the EURUSD may poke above Sunday’s high in order to complete a 5 wave sequence from 13040 before dropping back into 13040/65. This level is defined by the former 4th wave area and the topside of former trendline resistance.

FOREX Trading Strategy: Wait for weakness into at least 13040/65 before considering longs for a longer term breakout.

LEVELS: 13008 13065 1312613226 1328313385

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Market Data

  • Currencies
    NamePriceChange% Chg
    1.2567-0.01-0.41%
    USDSGD=X
    1.6844-0.01-0.34%
    EURSGD=X
    1.9677-0.01-0.30%
    GBPSGD=X
    75.72210.14+0.18%
    SGDJPY=X
    6.17240.02+0.39%
    SGDHKD=X
    2.50780.01+0.30%
    SGDMYR=X
    7,885.732935.66+0.45%
    SGDIDR=X
    4.87880.02+0.42%
    SGDCNY=X
    1.19900.00+0.17%
    AUDSGD=X
    More Currencies »
  • Commodities
    NamePriceChange% Chg
    1,373.807.10+0.52%
    GCN13.CMX
    21.61-0.07-0.30%
    SIM13.CMX
    100.13-0.19-0.19%
    ^XAU
    3.13-0.02-0.71%
    HGM13.CMX
    98.36-0.08-0.08%
    CLN13.NYM
    More Commodities »
  • Bonds
    TreasuryYield (%)Yield Change
    1.080.02
    ^FVX
    2.210.03
    ^TNX
    3.360.01
    ^TYX
    More Bonds »

MARKET MOVERS

  • Most Actives
    NamePriceChange% Chg
    0.151-0.00-0.66%
    I26.SI
    0.1230.00+2.50%
    A15.SI
    0.1570.00+1.29%
    5GC.SI
    0.5850.02+4.46%
    GJ8.SI
    3.69-0.08-2.12%
    Z74.SI
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  • % Gainers
    NamePriceChange% Chg
    0.170.02+13.33%
    CL7.SI
    0.160.02+10.34%
    595.SI
    0.150.01+10.29%
    D08.SI
    0.2350.02+9.30%
    C3T.SI
    0.120.01+9.09%
    V69.SI
    More % Gainers »
  • % Losers
    NamePriceChange% Chg
    0.194-0.03-11.82%
    5RA.SI
    0.106-0.01-10.17%
    5FF.SI
    1.67-0.11-6.18%
    GZ9.SI
    0.10-0.00-4.76%
    C06.SI
    0.30-0.01-4.76%
    S85.SI
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