EUR/USD in Limbo at Current Level

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.0906+0.0031

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eliottWaves_eur-usd_body_eurusd.png, EUR/USD in Limbo at Current Level

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

FOREXAnalysis: “The daily RSI profile for EURUSD remains bullish but the drop below 13350 shifts focus slightly lower in the near term. 13160-13200 is now estimated support. The zone is defined by the 2013 open (which ranges from 13180 to 13200 depending on what time is used for the open), the 50% retracement of the rally from the November low (13188) and where the decline from the 2/1 high would consist of 2 equal legs (13161).” Several trendline are also of interest at slightly lower levels. Near term resistance is defined by trendline resistance at about 13400 on Wednesday and the 2/13 low at 13425.

FOREX Trading Strategy: Barring a sustained break above 13450, respect potential for a final dip below 13305 (which could complete a double zigzag) before the larger bull trend resumes.

LEVELS: 13255 13305 1335513425 1345913519

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3485-0.0017-0.12%
    USDSGD=X
    1.4713+0.0029+0.20%
    EURSGD=X
    2.0797+0.0026+0.12%
    GBPSGD=X
    91.1229-0.0303-0.03%
    SGDJPY=X
    5.7488+0.0075+0.13%
    SGDHKD=X
    2.6982+0.003+0.11%
    SGDMYR=X
    9,811.1270+11.0889+0.11%
    SGDIDR=X
    4.6007+0.0061+0.13%
    SGDCNY=X
    1.0460+0.0014+0.14%
    AUDSGD=X
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    Commodities
    NamePriceChange% Chg
    1,189.70+2.80+0.24%
    GCM15.CMX
    16.79+0.04+0.26%
    SIN15.CMX
    68.69-2.56-3.59%
    ^XAU
    2.79+0.01+0.36%
    HGN15.CMX
    58.41+0.38+0.65%
    CLN15.NYM
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    TreasuryYield (%)Yield Change
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    ^FVX
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    ^TNX
    2.89-0.09
    ^TYX

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  • Most Actives
    Most Actives
    NamePriceChange% Chg
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    Q1P.SI
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    5WA.SI
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    G13.SI
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    % Gainers
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    GJ8.SI
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    L10.SI
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    S85.SI
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    5MD.SI
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    41H.SI
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