Forex Analysis: EUR/USD Classic Technical Report 01.15.2013

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.1289+0.0005

Prices broke above 50% Fibonacci expansion resistance at 1.3320 to test the 61.8% level at 1.3397. A Star candle warns of a possible turn lower in the works but confirmation is lacking for now. The 1.3220 level has been recast as near-term support, with a drop below that aiming for the 38.2% expansion at 1.3244. Alternatively, a push through resistance targets the 76.4% Fib at 1.3492.

Forex_Analysis_EURUSD_Classic_Technical_Report_01.15.2013_body_Picture_1.png, Forex Analysis: EUR/USD Classic Technical Report 01.15.2013

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

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    Market Data

    • Currencies
      Currencies
      NamePriceChange% Chg
      1.3514-0.0016-0.12%
      USDSGD=X
      1.5257-0.001-0.07%
      EURSGD=X
      1.78430.000.00%
      GBPSGD=X
      74.3400+0.095+0.13%
      SGDJPY=X
      5.7370+0.0088+0.15%
      SGDHKD=X
      2.9719+0.0079+0.27%
      SGDMYR=X
      9,793.6504-24.9346-0.25%
      SGDIDR=X
      4.9267+0.0064+0.13%
      SGDCNY=X
      1.0311+0.0005+0.05%
      AUDSGD=X
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      Commodities
      NamePriceChange% Chg
      1,325.80+1.20+0.09%
      GCZ16.CMX
      18.55+0.06+0.33%
      SIU16.CMX
      96.51+1.17+1.23%
      ^XAU
      2.08+0.01+0.31%
      HGU16.CMX
      47.27-0.06-0.13%
      CLV16.NYM
    • Bonds
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      TreasuryYield (%)Yield Change
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      ^FVX
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      ^TYX