EUR/USD in Limbo at Current Level

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.1033-0.006

DailyBars

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
    1.3665-0.0026-0.19%
    USDSGD=X
    1.5078-0.011-0.72%
    EURSGD=X
    2.1313+0.001+0.05%
    GBPSGD=X
    90.5144+0.4844+0.54%
    SGDJPY=X
    5.6713+0.0098+0.17%
    SGDHKD=X
    2.7902+0.0001+0.01%
    SGDMYR=X
    9,824.3965-20.7617-0.21%
    SGDIDR=X
    4.5427+0.0057+0.12%
    SGDCNY=X
    0.9997+0.0047+0.47%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,094.70-1.70-0.16%
    GCQ15.CMX
    14.59-0.02-0.14%
    SIU15.CMX
    46.66
    ^XAU
    2.37+0.02+0.89%
    HGU15.CMX
    47.54+0.15+0.32%
    CLU15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.59
    ^FVX
    2.26
    ^TNX
    2.97
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.595-0.025-4.03%
    N21.SI
    0.34-0.02-5.56%
    E5H.SI
    0.315+0.005+1.61%
    5WA.SI
    0.33-0.01-2.94%
    Y35.SI
    1.27-0.05-3.42%
    BS6.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.19+0.02+11.11%
    F9M.SI
    0.375+0.035+10.29%
    K1Q.SI
    0.26+0.02+8.33%
    C50.SI
    0.215+0.015+7.50%
    5OY.SI
    0.215+0.015+7.50%
    B69.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.455-0.095-17.27%
    5I3.SI
    0.255-0.045-15.00%
    Y06.SI
    0.27-0.03-11.48%
    CZ4.SI
    0.28-0.03-9.68%
    UQ4.SI
    0.26-0.03-8.77%
    PA3.SI