EUR/USD Trendline Support Just Below 13500 on Tuesday

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.1039+0.0109

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eliottWaves_eur-usd_body_eurusd.png, EUR/USD Trendline Support Just Below 13500 on Tuesday

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

FOREXAnalysis: Former resistance from the 2012 high is now estimated support at 13490. This level is reinforced as one of interest by the 1/25-1/29 highs from 13476-13496 and trendline support. It’s possible that weakness from Friday’s high composes part of a 4th wave within a 5 wave advance from January’s low. As long as the EURUSD is above 13403, favor strength.

FOREX Trading Strategy: Buying weakness below 13500, against 13400. If triggered, then risk on longs should be tightened if the EURUSD trades to 13580.

LEVELS: 13308 13403 1349613580 1364313711

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3683-0.0074-0.54%
    USDSGD=X
    1.5111+0.0074+0.49%
    EURSGD=X
    2.1381-0.0078-0.36%
    GBPSGD=X
    90.5589+0.2812+0.31%
    SGDJPY=X
    5.6652+0.0288+0.51%
    SGDHKD=X
    2.7850+0.0011+0.04%
    SGDMYR=X
    9,867.9375+42.3838+0.43%
    SGDIDR=X
    4.5393+0.0261+0.58%
    SGDCNY=X
    1.0036+0.0006+0.06%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,093.20+4.50+0.41%
    GCZ15.CMX
    14.80+0.10+0.67%
    SIU15.CMX
    47.36+0.72+1.54%
    ^XAU
    2.37-0.01-0.29%
    HGU15.CMX
    48.28-0.63-1.29%
    CLV15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.55-0.07
    ^FVX
    2.20-0.07
    ^TNX
    2.90-0.06
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.455-0.065-12.50%
    N21.SI
    2.30-0.20-8.00%
    MC0.SI
    0.315-0.005-1.56%
    E5H.SI
    0.315+0.005+1.61%
    5WA.SI
    0.134-0.005-3.60%
    5DN.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.148+0.020+15.62%
    T77.SI
    0.18+0.02+12.50%
    AVX.SI
    0.365+0.035+10.61%
    5DS.SI
    0.194+0.015+8.38%
    Y08.SI
    0.37+0.03+7.25%
    P9D.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.20-0.08-27.27%
    5UO.SI
    0.325-0.065-16.67%
    5I3.SI
    0.205-0.040-16.33%
    5GD.SI
    0.17-0.03-15.00%
    D79.SI
    0.315-0.055-14.86%
    Y35.SI