Forex Analysis: EUR/USD Classic Technical Report 11.19.2012

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.1186-0.0009

Prices took out support at 1.2830, the 23.6% Fibonacci expansion level, after completing a bearish Three Inside Down candlestick pattern below falling trend line resistance set from May 2011. The pair staged a shallow bounce from the 1.27 figure to retest falling trend line resistance at 1.2778. A break above that exposes the 23.6% Fib anew. Alternatively, a drop below 1.27 targets the 38.2% level at 1.2619. We continue to hold short.

Forex_Analysis_EURUSD_Classic_Technical_Report_11.19.2012_body_Picture_5.png, Forex Analysis: EUR/USD Classic Technical Report 11.19.2012

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
    0.124-0.005-3.88%
    N21.SI
    0.735-0.020-2.65%
    G13.SI
    0.128+0.014+12.28%
    RE4.SI
    0.3550.0000.00%
    E5H.SI
    4.12-0.10-2.37%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.355+0.115+47.92%
    BAZ.SI
    0.151+0.024+18.90%
    D79.SI
    0.23+0.03+15.00%
    AWI.SI
    0.475+0.060+14.46%
    588.SI
    0.128+0.014+12.28%
    RE4.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.205-0.105-33.87%
    BCZ.SI
    0.25-0.10-28.57%
    BKX.SI
    0.13-0.05-27.78%
    AYL.SI
    0.165-0.055-25.00%
    BKZ.SI
    0.745-0.130-14.86%
    564.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3593+0.001+0.08%
    USDSGD=X
    1.5205+0.0009+0.06%
    EURSGD=X
    1.7810+0.0001+0.01%
    GBPSGD=X
    74.9790+0.297+0.40%
    SGDJPY=X
    5.7035-0.0012-0.02%
    SGDHKD=X
    2.9772+0.0109+0.37%
    SGDMYR=X
    9,759.0078+10.8193+0.11%
    SGDIDR=X
    4.9125+0.0063+0.13%
    SGDCNY=X
    1.0295+0.0032+0.31%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,326.50+0.60+0.05%
    GCZ16.CMX
    18.82+0.17+0.91%
    SIU16.CMX
    96.94+1.14+1.19%
    ^XAU
    2.080.00+0.14%
    HGU16.CMX
    47.01-0.63-1.32%
    CLV16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.18-0.06
    ^FVX
    1.57-0.07
    ^TNX
    2.22-0.08
    ^TYX