FOREX Technical Analysis: EUR/USD Responds to 12770 Resistance

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.1238+0.0014

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FOREX_Technical_Analysis_EURUSD_Responds_to_12770_Resistance_body_eurusd.png, FOREX Technical Analysis: EUR/USD Responds to 12770 Resistance

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: Monthly opening range implications are bearish EUR/USD with the high occurring on day 1 of the month. Today’s rally reversed after piercing 12770 (JS Thrust close from 11/7). The structure of the rally from 12661 isn’t particularly clean from a structural standpoint.

FOREX Trading Strategy: The larger trend is down against 12981 but reward/risk isn’t favorable at this point. A move above 12800 would warrant action on the short side (12824 in particular). 12685-12705 is potential support before the low. Weakness below 12660 would open up the 50% retracement at 12606.

LEVELS: 12607 12651 12682127801282512882

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4162+0.0005+0.03%
    USDSGD=X
    1.5917+0.0026+0.16%
    EURSGD=X
    2.1605-0.0059-0.27%
    GBPSGD=X
    84.9238-0.0913-0.11%
    SGDJPY=X
    5.4720-0.0022-0.04%
    SGDHKD=X
    2.9862+0.0082+0.28%
    SGDMYR=X
    10,024.1152+8.1523+0.08%
    SGDIDR=X
    4.4873-0.0024-0.05%
    SGDCNY=X
    0.9933-0.0034-0.35%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,132.00-1.60-0.14%
    GCZ15.CMX
    14.70+0.04+0.26%
    SIZ15.CMX
    46.23-0.58-1.23%
    ^XAU
    2.37+0.05+1.93%
    HGZ15.CMX
    46.09-0.16-0.35%
    CLV15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.52+0.02
    ^FVX
    2.19+0.02
    ^TNX
    2.96+0.03
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.310.000.00%
    5WA.SI
    0.1320.0000.00%
    5DN.SI
    0.127+0.009+7.63%
    5GJ.SI
    3.70+0.03+0.82%
    Z74.SI
    0.70-0.01-2.10%
    5ME.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.215+0.057+36.08%
    L02.SI
    0.59+0.08+15.69%
    UD3.SI
    0.19+0.02+11.76%
    5G1.SI
    0.195+0.019+10.80%
    KJ5.SI
    0.184+0.014+8.24%
    K14.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.126-0.014-10.00%
    TI6.SI
    0.117-0.018-13.33%
    510.SI
    0.43-0.06-11.34%
    MN5.SI
    0.152-0.018-10.59%
    DU4.SI
    0.67-0.07-9.46%
    AXV.SI