EUR/USD Remains Bullish above 13255

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.0983+0.0005

WeeklyBars

eliottWaves_eur-usd_body_eurusd.png, EUR/USD Remains Bullish above 13255

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

FOREXAnalysis: The sharp EURUSD selloff has resulted in a bullish RSI signal (basically the opposite of traditional divergence…RSI is getting ahead of price here). In uptrends, buying dips when RSI drops into the 50-40 zone is often a good move.

FOREX Trading Strategy: Long against 13255, for longer term targets just above 13800 and 14300.

LEVELS: 13255 13285 1334213458 1359713643

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3391+0.0019+0.15%
    USDSGD=X
    1.4707+0.0028+0.19%
    EURSGD=X
    2.0724+0.0035+0.17%
    GBPSGD=X
    90.8524-0.0428-0.05%
    SGDJPY=X
    5.7892-0.0081-0.14%
    SGDHKD=X
    2.6898-0.0039-0.15%
    SGDMYR=X
    9,842.0654+6.5791+0.07%
    SGDIDR=X
    4.6484+0.0133+0.29%
    SGDCNY=X
    1.0466+0.0017+0.17%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,204.00+1.30+0.11%
    GCM15.CMX
    17.03-0.04-0.21%
    SIM15.CMX
    71.25-0.60-0.84%
    ^XAU
    2.81-0.04-1.39%
    HGN15.CMX
    61.30-0.70-1.13%
    CLZ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.56+0.05
    ^FVX
    2.21+0.03
    ^TNX
    2.99+0.01
    ^TYX

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