Forex Analysis: EUR/USD Classic Technical Report 11.23.2012

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SymbolPriceChange
EURUSD=X1.0564+0.0009

Prices are re

Prices broke above the 23.6% Fibonacci expansion level at 1.2830, a barrier reinforced by a falling trend line resistance set from the October 17 high. Sellers now aim to challenge the 14.6% level at 1.2960, with a push above that aiming for a larger trend line established from May 2011 (now at 1.3011). The 1.2830 mark has been recast as near-term support, with a break below that exposing the 1.27 figure and the 38.2% Fib at 1.2620. We continue to hold short.

Forex_Analysis_EURUSD_Classic_Technical_Report_11.23.2012_body_Picture_1.png, Forex Analysis: EUR/USD Classic Technical Report 11.23.2012

Daily Chart - Created Using FXCM Marketscope 2.0

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

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MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.27+0.02+5.88%
    N21.SI
    1.02+0.04+4.08%
    G13.SI
    0.193+0.017+9.66%
    40F.SI
    1.755+0.220+14.33%
    S51.SI
    0.385+0.025+6.94%
    5ME.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.35+0.07+27.27%
    BQF.SI
    0.13+0.02+17.12%
    UV1.SI
    0.53+0.07+15.22%
    BLR.SI
    1.755+0.220+14.33%
    S51.SI
    0.168+0.020+13.51%
    5PD.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.139-0.040-22.35%
    AZR.SI
    0.40-0.08-16.67%
    BLA.SI
    0.094-0.014-12.96%
    5DL.SI
    0.179-0.020-10.05%
    BDN.SI
    0.205-0.015-6.82%
    F13.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4144+0.0012+0.09%
    USDSGD=X
    1.4942+0.0027+0.18%
    EURSGD=X
    1.7601+0.0001+0.01%
    GBPSGD=X
    79.9770-0.193-0.24%
    SGDJPY=X
    5.4850-0.0051-0.09%
    SGDHKD=X
    3.1442-0.0066-0.21%
    SGDMYR=X
    9,443.1748-45.6699-0.48%
    SGDIDR=X
    4.8625-0.0031-0.06%
    SGDCNY=X
    1.0874-0.0004-0.04%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,238.70+5.40+0.44%
    GCJ17.CMX
    17.99+0.03+0.19%
    SIH17.CMX
    89.91-1.82-1.99%
    ^XAU
    2.72-0.01-0.42%
    HGH17.CMX
    54.07+0.48+0.90%
    CLJ17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.910.00
    ^FVX
    2.42-0.01
    ^TNX
    3.040.00
    ^TYX