EUR/USD Trendline Support Just Below 13500 on Tuesday

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.1402-0.0001

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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
    1.3616+0.0028+0.21%
    USDSGD=X
    1.5525+0.003+0.19%
    EURSGD=X
    1.9641-0.0038-0.19%
    GBPSGD=X
    78.6700-0.2821-0.36%
    SGDJPY=X
    5.7004-0.0117-0.20%
    SGDHKD=X
    2.9358-0.0178-0.60%
    SGDMYR=X
    9,813.8232-12.8691-0.13%
    SGDIDR=X
    4.7745-0.0131-0.27%
    SGDCNY=X
    1.0031-0.0113-1.11%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,291.00+18.70+1.47%
    GCM16.CMX
    17.52+0.20+1.14%
    SIN16.CMX
    88.53+3.38+3.97%
    ^XAU
    2.150.00-0.05%
    HGN16.CMX
    44.59+0.27+0.61%
    CLM16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.24+0.03
    ^FVX
    1.78+0.03
    ^TNX
    2.63+0.02
    ^TYX

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  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.405-0.020-4.71%
    N21.SI
    0.215+0.015+7.50%
    AFC.SI
    0.37-0.01-2.63%
    E5H.SI
    3.76-0.02-0.53%
    Z74.SI
    1.81-0.06-3.21%
    MC0.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.445+0.075+20.27%
    BLR.SI
    0.25+0.04+19.05%
    508.SI
    0.48+0.07+18.52%
    5DP.SI
    0.51+0.05+12.09%
    BMA.SI
    0.12+0.01+8.11%
    AVX.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.18-0.03-16.28%
    B26.SI
    0.24-0.04-14.29%
    BHO.SI
    0.245-0.035-12.50%
    5CF.SI
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    A04.SI
    0.185-0.020-9.76%
    F86.SI