EUR/USD Trendline Support Just Below 13500 on Tuesday

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.1106-0.001

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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
    1.3829+0.0027+0.19%
    USDSGD=X
    1.5359+0.0017+0.11%
    EURSGD=X
    2.0226+0.0064+0.32%
    GBPSGD=X
    80.3471+0.3623+0.45%
    SGDJPY=X
    5.6172-0.0099-0.18%
    SGDHKD=X
    2.9747+0.0102+0.35%
    SGDMYR=X
    9,859.0029+19.4844+0.20%
    SGDIDR=X
    4.7659+0.0087+0.18%
    SGDCNY=X
    0.9900-0.0007-0.07%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,205.00-17.70-1.45%
    GCQ16.CMX
    15.98-0.37-2.25%
    SIN16.CMX
    79.41-2.71-3.31%
    ^XAU
    2.100.00-0.02%
    HGN16.CMX
    49.28-0.20-0.40%
    CLN16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.39+0.04
    ^FVX
    1.85+0.03
    ^TNX
    2.65+0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.3050.0000.00%
    N21.SI
    0.143+0.005+3.62%
    5DM.SI
    0.755+0.020+2.72%
    G13.SI
    0.79+0.05+6.76%
    5HJ.SI
    3.90-0.03-0.76%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.525+0.070+15.38%
    BJE.SI
    1.30+0.12+10.64%
    BDV.SI
    0.88+0.08+10.00%
    G41.SI
    0.355+0.020+5.97%
    F03.SI
    0.27+0.02+8.00%
    BDU.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.145-0.015-9.38%
    M14.SI
    0.35-0.03-9.09%
    42E.SI
    0.181-0.017-8.59%
    BDN.SI
    0.26-0.02-7.14%
    5SY.SI
    0.335-0.025-6.94%
    BFU.SI