EUR/USD in Limbo at Current Level

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.0997+0.0004

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
    1.3587-0.0024-0.18%
    USDSGD=X
    1.4940-0.0023-0.15%
    EURSGD=X
    1.7847-0.0028-0.16%
    GBPSGD=X
    77.0220-0.665-0.86%
    SGDJPY=X
    5.7074+0.0124+0.22%
    SGDHKD=X
    2.9880-0.0111-0.37%
    SGDMYR=X
    9,693.0752+43.458+0.45%
    SGDIDR=X
    4.9094+0.0038+0.08%
    SGDCNY=X
    1.0224+0.0055+0.54%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,319.70+0.20+0.02%
    GCQ16.CMX
    19.70+0.05+0.27%
    SIU16.CMX
    101.26+1.37+1.37%
    ^XAU
    2.23+0.01+0.50%
    HGU16.CMX
    42.93-0.20-0.46%
    CLU16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.14+0.01
    ^FVX
    1.570.00
    ^TNX
    2.28-0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.165-0.003-1.79%
    N21.SI
    0.495+0.055+12.50%
    5TP.SI
    1.035+0.030+2.99%
    Y92.SI
    0.365+0.005+1.39%
    E5H.SI
    0.775-0.025-3.13%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.235+0.030+14.63%
    BOU.SI
    0.29+0.03+13.73%
    S71.SI
    0.445+0.050+12.66%
    BHU.SI
    0.495+0.055+12.50%
    5TP.SI
    0.24+0.02+11.63%
    S46.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.161-0.089-35.60%
    BFT.SI
    0.19-0.03-13.64%
    BDN.SI
    0.16-0.02-9.60%
    O08.SI
    0.20-0.02-9.09%
    BLZ.SI
    0.106-0.010-8.62%
    BEH.SI