Forex Analysis: EUR/USD Classic Technical Report 12.13.2012

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.3828+0.0023

Prices moved lower as expected after putting in a bearish Dark Cloud Cover candlestick pattern. The pair found interim support in the 1.2855-1.2902 area, with a bounce from here seeing initial resistance at the top of a falling channel set from mid-September (now at 1.3085).This boundary is reinforced bythe underside of a rising trend line set from the November 13 low (1.3102). A push above the latter level aims for the December 5 high at 1.3126. Alternatively, a drop below support exposes the 38.2% Fib at 1.2737. Our short entry order at 1.2978 has been triggered.

Forex_Analysis_EURUSD_Classic_Technical_Report_12.13.2012_body_Picture_1.png, Forex Analysis: EUR/USD Classic Technical Report 12.13.2012

Daily Chart - Created Using FXCM Marketscope 2.0

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

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2580+0.0022+0.17%
    USDSGD=X
    1.7394+0.0059+0.34%
    EURSGD=X
    2.1116-0.0013-0.06%
    GBPSGD=X
    81.3668-0.3339-0.41%
    SGDJPY=X
    6.1633-0.0103-0.17%
    SGDHKD=X
    2.5958-0.0056-0.22%
    SGDMYR=X
    9,201.3330+28.0059+0.31%
    SGDIDR=X
    4.9607-0.0064-0.13%
    SGDCNY=X
    1.1661-0.01-0.85%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,284.50+3.40+0.27%
    GCM14.CMX
    19.45+0.09+0.49%
    SIK14.CMX
    91.11+0.06+0.07%
    ^XAU
    3.05-0.01-0.26%
    HGK14.CMX
    101.62-0.13-0.13%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.70-0.02
    ^FVX
    2.69-0.03
    ^TNX
    3.48-0.05
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.122+0.002+1.67%
    B22.SI
    0.61+0.005+0.83%
    E5H.SI
    2.22+0.010+0.45%
    JS8.SI
    0.16+0.002+1.27%
    5GB.SI
    0.142-0.003-2.07%
    545.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.23+0.031+15.58%
    5UZ.SI
    0.22+0.020+10.00%
    D6U.SI
    0.184+0.014+8.24%
    5WD.SI
    0.275+0.020+7.84%
    5TP.SI
    0.161+0.011+7.33%
    A03.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.245-0.055-18.33%
    T18.SI
    0.196-0.024-10.91%
    5WR.SI
    0.161-0.019-10.56%
    T16.SI
    0.36-0.040-10.00%
    S24.SI
    0.098-0.010-9.26%
    C11.SI