EUR/USD in Limbo at Current Level

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.0883+0.0009

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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
    1.3695-0.0015-0.11%
    USDSGD=X
    1.4904-0.0004-0.03%
    EURSGD=X
    2.0340-0.0014-0.07%
    GBPSGD=X
    87.0818+0.1088+0.13%
    SGDJPY=X
    5.6622+0.0063+0.11%
    SGDHKD=X
    2.6783+0.0034+0.13%
    SGDMYR=X
    9,545.7344+43.5439+0.46%
    SGDIDR=X
    4.5377+0.0079+0.17%
    SGDCNY=X
    1.0692-0.0036-0.33%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,201.20-3.60-0.30%
    GCJ15.CMX
    17.02-0.11-0.67%
    SIK15.CMX
    68.39-1.10-1.58%
    ^XAU
    2.78-0.03-1.07%
    HGK15.CMX
    50.35-1.08-2.10%
    CLK15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.47+0.06
    ^FVX
    2.01+0.09
    ^TNX
    2.60+0.10
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.410.00+1.23%
    E5H.SI
    0.95+0.02+2.15%
    N21.SI
    0.285-0.005-1.72%
    5WA.SI
    0.315+0.025+8.62%
    T4B.SI
    0.165+0.002+1.23%
    5GB.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.137+0.012+9.60%
    40E.SI
    0.315+0.025+8.62%
    T4B.SI
    0.38+0.03+7.04%
    D03.SI
    0.48+0.02+5.49%
    5TG.SI
    0.40+0.02+5.26%
    5NF.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.22-0.02-6.38%
    5RE.SI
    0.225-0.010-4.26%
    DU4.SI
    0.23-0.01-4.17%
    5GJ.SI
    0.132-0.005-3.65%
    C3T.SI
    0.114-0.004-3.39%
    5GI.SI