EUR/USD in Limbo at Current Level

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.3823+0.0005

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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
    1.2560+0.0006+0.05%
    USDSGD=X
    1.7362+0.0015+0.08%
    EURSGD=X
    2.1083+0.0017+0.08%
    GBPSGD=X
    81.5558-0.1181-0.14%
    SGDJPY=X
    6.1729-0.0027-0.04%
    SGDHKD=X
    2.5984-0.0027-0.10%
    SGDMYR=X
    9,259.9229-39.7617-0.43%
    SGDIDR=X
    4.9666-0.0021-0.04%
    SGDCNY=X
    1.1669+0.001+0.09%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,286.60+2.00+0.16%
    GCM14.CMX
    19.47+0.03+0.14%
    SIK14.CMX
    92.88+1.82+2.00%
    ^XAU
    3.07+0.01+0.20%
    HGK14.CMX
    101.68+0.24+0.24%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.71-0.03
    ^FVX
    2.69-0.04
    ^TNX
    3.47-0.03
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.149+0.007+4.93%
    545.SI
    0.121-0.001-0.82%
    B22.SI
    0.15+0.006+4.17%
    C68.SI
    0.635+0.040+6.72%
    5WH.SI
    1.36+0.010+0.74%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    18.50+2.700+17.09%
    K6S.SI
    0.255+0.015+6.25%
    5KI.SI
    1.305+0.090+7.41%
    5DA.SI
    0.17+0.012+7.59%
    5PF.SI
    0.15+0.010+7.14%
    5GD.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.052-0.060-53.57%
    5TF.SI
    1.61-0.530-24.77%
    N02.SI
    0.123-0.008-6.11%
    S71.SI
    0.2750.0000.00%
    5TN.SI
    0.235-0.015-6.00%
    L6T.SI