EUR/USD in Limbo at Current Level

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.0964+0.008

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
    1.3175-0.0098-0.74%
    USDSGD=X
    1.4448+0.0002+0.01%
    EURSGD=X
    2.0190-0.0022-0.11%
    GBPSGD=X
    90.2653+0.5379+0.60%
    SGDJPY=X
    5.8823+0.043+0.74%
    SGDHKD=X
    2.6966+0.026+0.97%
    SGDMYR=X
    9,807.2129+50.5469+0.52%
    SGDIDR=X
    4.7103+0.0245+0.52%
    SGDCNY=X
    1.0553+0.0133+1.28%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,211.50+8.30+0.69%
    GCM15.CMX
    16.60+0.21+1.29%
    SIK15.CMX
    74.16+2.48+3.46%
    ^XAU
    2.780.00-0.04%
    HGN15.CMX
    56.93-0.06-0.11%
    CLM15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.38+0.04
    ^FVX
    1.97+0.05
    ^TNX
    2.67+0.06
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.2950.0000.00%
    5WA.SI
    0.865+0.015+1.76%
    N21.SI
    0.42-0.01-1.18%
    E5H.SI
    0.235+0.005+2.17%
    5GB.SI
    0.745-0.020-2.61%
    Y92.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.159+0.046+40.71%
    5IF.SI
    0.28+0.06+27.27%
    5OC.SI
    0.136+0.026+23.64%
    5UA.SI
    0.23+0.02+9.52%
    M11.SI
    0.24+0.02+9.09%
    5CF.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.188-0.052-21.67%
    5OF.SI
    0.089-0.016-15.24%
    S13.SI
    1.40-0.13-8.50%
    T14.SI
    0.325-0.030-8.45%
    T43.SI
    0.435-0.040-8.42%
    CH8.SI