EUR/USD in Limbo at Current Level

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.3824+0.0008

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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
    1.2528+0.0005+0.04%
    USDSGD=X
    1.7319+0.0017+0.10%
    EURSGD=X
    2.1052+0.0011+0.05%
    GBPSGD=X
    81.8463+0.064+0.08%
    SGDJPY=X
    6.1887-0.0033-0.05%
    SGDHKD=X
    2.5946+0.009+0.35%
    SGDMYR=X
    9,136.3350+17.4727+0.19%
    SGDIDR=X
    4.9712+0.0008+0.02%
    SGDCNY=X
    1.1692+0.0005+0.04%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,288.00-5.90-0.46%
    GCM14.CMX
    19.38-0.22-1.13%
    SIK14.CMX
    90.18-0.65-0.72%
    ^XAU
    3.050.00+0.02%
    HGK14.CMX
    103.03-0.34-0.33%
    CLM14.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
    0.113-0.002-1.74%
    B22.SI
    0.135+0.010+8.00%
    545.SI
    2.190.0000.00%
    JS8.SI
    0.605-0.005-0.82%
    E5H.SI
    0.143+0.004+2.88%
    5GB.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.255+0.040+18.60%
    5UE.SI
    0.345+0.045+15.00%
    5DS.SI
    0.18+0.020+12.50%
    T16.SI
    0.19+0.016+9.20%
    540.SI
    0.138+0.011+8.66%
    J74.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.17-0.030-15.00%
    5WD.SI
    0.118-0.014-10.61%
    S71.SI
    0.123-0.013-9.56%
    5FI.SI
    0.20-0.020-9.09%
    D6U.SI
    0.29-0.025-7.94%
    O08.SI