Forex Analysis: EUR/USD Classic Technical Report 12.10.2012

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.1246-0.0006

Prices moved lower as expected after putting in a bearish Dark Cloud Cover candlestick pattern. Sellers are now testing the 23.6% Fibonacci retracement at 1.2904, with a confirmed break on a daily close below this level targeting the 38.2% Fib at 1.2739. Near-term resistance is at 1.3042, the underside of a recently broken rising trend line set from the November 13 low. A push above that targets the top of a channel carved out since mid-September (1.3093).

Forex_Analysis_EURUSD_Classic_Technical_Report_12.10.2012_body_Picture_1.png, Forex Analysis: EUR/USD Classic Technical Report 12.10.2012

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

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MARKET MOVERS

    Market Data

    • Currencies
      Currencies
      NamePriceChange% Chg
      1.3615+0.0013+0.10%
      USDSGD=X
      1.5310+0.0007+0.05%
      EURSGD=X
      1.7636+0.0008+0.05%
      GBPSGD=X
      73.5590-0.165-0.22%
      SGDJPY=X
      5.6954-0.0039-0.07%
      SGDHKD=X
      3.0323-0.0019-0.06%
      SGDMYR=X
      9,573.0186-5.8037-0.06%
      SGDIDR=X
      4.8990-0.0028-0.06%
      SGDCNY=X
      1.0367-0.0019-0.18%
      AUDSGD=X
    • Commodities
      Commodities
      NamePriceChange% Chg
      1,341.70-2.40-0.18%
      GCZ16.CMX
      19.52-0.08-0.39%
      SIZ16.CMX
      94.45-1.31-1.37%
      ^XAU
      2.190.00-0.23%
      HGZ16.CMX
      43.85+0.41+0.94%
      CLV16.NYM
    • Bonds
      Bonds
      TreasuryYield (%)Yield Change
      1.13-0.03
      ^FVX
      1.59-0.03
      ^TNX
      2.33-0.01
      ^TYX