EUR/USD and EUR/AUD Longs Still Favored

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.3810-0.0006
EURAUD=X1.4812+0.0008

The EURAUD triangle focused on yesterday may have completed its final leg last night. Regardless, the trend is bullish above the month to date low of 12899. A break above the 2/1 high would shift focus to the measured level at 13480.

I'm bullish the EURUSD as per the daily RSI profile and longer term bottoming pattern. Near term support is 13416/39 and resistance ahead of the 2/1 high is 13574-13643. Since the high is on the first day of the month, I'm looking to exit at least half of the long in the mentioned zone.

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

To contact Jamie e-mail jsaettele@dailyfx.com. Follow me on Twitter for real time updates @JamieSaettele

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.25230.000.00%
    USDSGD=X
    1.7295-0.0007-0.04%
    EURSGD=X
    2.1029-0.0012-0.06%
    GBPSGD=X
    81.9492+0.1669+0.20%
    SGDJPY=X
    6.1916-0.0004-0.01%
    SGDHKD=X
    2.5912+0.0057+0.22%
    SGDMYR=X
    9,119.2207+0.35840.00%
    SGDIDR=X
    4.9718+0.0014+0.03%
    SGDCNY=X
    1.1678-0.001-0.08%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,294.00-7.90-0.61%
    GCQ14.CMX
    19.60+0.02+0.08%
    SIK14.CMX
    90.18-0.65-0.72%
    ^XAU
    3.05+0.02+0.51%
    HGK14.CMX
    104.30+0.83+0.80%
    CLK14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.73+0.08
    ^FVX
    2.72+0.08
    ^TNX
    3.52+0.06
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.116+0.001+0.87%
    B22.SI
    0.129+0.004+3.20%
    545.SI
    2.20+0.010+0.46%
    JS8.SI
    0.143+0.004+2.88%
    5GB.SI
    0.49+0.010+2.08%
    5GJ.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.26+0.045+20.93%
    5UE.SI
    0.16+0.010+6.67%
    A03.SI
    0.485+0.020+4.30%
    5UL.SI
    0.335+0.015+4.69%
    554.SI
    0.735+0.040+5.76%
    L02.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.565-0.025-4.24%
    G08.SI
    26.61-0.960-3.48%
    HD9.SI
    0.171-0.004-2.29%
    MC7.SI
    0.275-0.005-1.79%
    M1Z.SI
    0.28-0.005-1.75%
    B69.SI