EUR/USD in Limbo at Current Level

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.1033-0.0048

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

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3711+0.0034+0.24%
    USDSGD=X
    1.5124-0.0031-0.20%
    EURSGD=X
    2.0913+0.0035+0.17%
    GBPSGD=X
    87.6299+0.1107+0.13%
    SGDJPY=X
    5.6565-0.0137-0.24%
    SGDHKD=X
    2.6696-0.0043-0.16%
    SGDMYR=X
    9,504.0381+0.1250.00%
    SGDIDR=X
    4.5708-0.0112-0.25%
    SGDCNY=X
    1.0672-0.002-0.19%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,197.50-3.40-0.28%
    GCJ15.CMX
    16.20+0.04+0.26%
    SIK15.CMX
    72.53-0.16-0.22%
    ^XAU
    2.65-0.01-0.26%
    HGK15.CMX
    50.95-0.58-1.13%
    CLJ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.57-0.03
    ^FVX
    2.11-0.01
    ^TNX
    2.720.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    100.015+0.0010.00%
    41H.SI
    0.139+0.004+2.96%
    5GB.SI
    0.280.000.00%
    5WA.SI
    0.41-0.02-3.53%
    E5H.SI
    0.95-0.01-1.55%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.22+0.03+15.79%
    B26.SI
    0.114+0.009+8.57%
    5TN.SI
    0.128+0.010+8.47%
    5G2.SI
    0.235+0.015+6.82%
    D79.SI
    0.695+0.035+5.30%
    TI6.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.11-0.02-14.73%
    5MD.SI
    0.61-0.06-9.63%
    O9E.SI
    0.20-0.02-9.09%
    B1N.SI
    0.21-0.02-8.70%
    5G1.SI
    0.305-0.025-7.58%
    T4B.SI