Forex Analysis: EUR/USD Classic Technical Report 01.03.2013

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.0714+0.0015

Prices have turned lower as expected after putting in a bearish Gravestone Doji candlestick. Sellers are now probing below support at 1.3171 (the September 17 2012 high) and 1.3130 (a channel bottom) to challenge former resistance at 1.3071. A break below that exposes the 50% Fibonacci retracement at 1.2983. Near-term resistance is at 1.3283, the May 1 2012 high.

Forex_Analysis_EURUSD_Classic_Technical_Report_01.03.2013_body_Picture_1.png, Forex Analysis: EUR/USD Classic Technical Report 01.03.2013

Daily Chart - Created Using FXCM Marketscope 2.0

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

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    Market Data

    • Currencies
      Currencies
      NamePriceChange% Chg
      1.4205-0.0041-0.29%
      USDSGD=X
      1.52200.000.00%
      EURSGD=X
      1.7590-0.0001-0.01%
      GBPSGD=X
      80.0960-0.071-0.09%
      SGDJPY=X
      5.4581+0.0191+0.35%
      SGDHKD=X
      3.1212+0.0033+0.11%
      SGDMYR=X
      9,416.7539-19.9912-0.21%
      SGDIDR=X
      4.8261+0.0052+0.11%
      SGDCNY=X
      1.0748-0.0011-0.10%
      AUDSGD=X
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      Commodities
      NamePriceChange% Chg
      1,214.60+13.10+1.09%
      GCG17.CMX
      17.16+0.16+0.93%
      SIH17.CMX
      88.68+1.12+1.28%
      ^XAU
      2.62+0.01+0.38%
      HGH17.CMX
      52.33+0.96+1.87%
      CLG17.NYM
    • Bonds
      Bonds
      TreasuryYield (%)Yield Change
      1.94-0.01
      ^FVX
      2.47+0.01
      ^TNX
      3.05+0.01
      ^TYX