Forex Analysis: EUR/USD Classic Technical Report 12.03.2012

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.3821+0.0003

Prices are testing above long-term trend line resistance set from May 2011 (now at 1.2995). A break above this barrier threatens to spark a major upside trend reversal, initially exposing 1.3129. Initial support lines up at 1.2827, the 23.6% Fibonacci expansion, with a drop below that exposing the 1.27 figure and the 38.2% level at 1.2616.

Forex_Analysis_EURUSD_Classic_Technical_Report_12.03.2012_body_Picture_1.png, Forex Analysis: EUR/USD Classic Technical Report 12.03.2012

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

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2585+0.0031+0.25%
    USDSGD=X
    1.7394+0.0046+0.27%
    EURSGD=X
    2.1138+0.0072+0.34%
    GBPSGD=X
    81.2042-0.4697-0.58%
    SGDJPY=X
    6.1604-0.0152-0.25%
    SGDHKD=X
    2.5974-0.0037-0.14%
    SGDMYR=X
    9,248.7393-50.9453-0.55%
    SGDIDR=X
    4.9652-0.0035-0.07%
    SGDCNY=X
    1.1655-0.0004-0.03%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,289.50+4.90+0.38%
    GCM14.CMX
    19.61+0.18+0.91%
    SIK14.CMX
    92.25-0.62-0.67%
    ^XAU
    3.12+0.06+1.90%
    HGK14.CMX
    102.12+0.68+0.67%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.75+0.04
    ^FVX
    2.70+0.01
    ^TNX
    3.48+0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.123+0.001+0.82%
    B22.SI
    0.15+0.008+5.63%
    545.SI
    0.635+0.040+6.72%
    5WH.SI
    0.615+0.005+0.82%
    E5H.SI
    1.355+0.005+0.37%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    20.00+4.200+26.58%
    K6S.SI
    1.215+0.190+18.54%
    S53.SI
    0.415+0.045+12.16%
    570.SI
    1.345+0.130+10.70%
    5DA.SI
    0.154+0.014+10.00%
    5GD.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.053-0.059-52.68%
    5TF.SI
    1.62-0.520-24.30%
    N02.SI
    0.20-0.020-9.09%
    E94.SI
    0.179-0.013-6.77%
    567.SI
    0.30-0.020-6.25%
    508.SI