EUR/USD Trendline Support Just Below 13500 on Tuesday

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.1299+0.0008

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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
    1.3966-0.0002-0.01%
    USDSGD=X
    1.5781+0.0011+0.07%
    EURSGD=X
    2.0212+0.0004+0.02%
    GBPSGD=X
    82.0994-0.3141-0.38%
    SGDJPY=X
    5.5806-0.0018-0.03%
    SGDHKD=X
    2.9923+0.0053+0.18%
    SGDMYR=X
    9,691.3965-37.998-0.39%
    SGDIDR=X
    4.7066+0.0625+1.35%
    SGDCNY=X
    0.9851-0.0032-0.32%
    AUDSGD=X
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    Commodities
    NamePriceChange% Chg
    1,191.40-7.20-0.60%
    GCJ16.CMX
    15.26-0.19-1.26%
    SIH16.CMX
    54.34-2.43-4.28%
    ^XAU
    2.03-0.01-0.32%
    HGH16.CMX
    28.47+0.53+1.90%
    CLH16.NYM
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    1.150.00
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    ^TYX

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    Most Actives
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    0.315-0.015-4.55%
    N21.SI
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    Z74.SI
    1.62-0.06-3.57%
    MC0.SI
    0.68-0.02-3.55%
    G13.SI
    2.93-0.06-2.01%
    C31.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.22+0.06+37.50%
    5WR.SI
    0.40+0.06+17.65%
    MN5.SI
    62.06+7.42+13.58%
    NF6.SI
    34.85+3.03+9.52%
    NF4.SI
    10.13+0.54+5.63%
    I19.SI
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    5SR.SI