FOREX Technical Analysis: EUR/USD 13125-13150 is Estimated Support

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SymbolPriceChange
EURUSD=X1.1197+0.0006

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FOREX_Technical_Analysis_EURUSD_13125-13150_is_Estimated_Support__body_eurusd.png, FOREX Technical Analysis: EUR/USD 13125-13150 is Estimated Support

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: At this point, sideways trade in the EURUSD since 12/19 is viewed as nothing more than a correction, specifically a flat. Waves A and C of the flat would be equal at 13149, roughly in line with the 12/17 low at 13143. Former highs (10/17 and 12/5) are now potential support if reached at 13126/39 along with the 20 day average. Exceeding 13231 would suggest that the low is already in place.

FOREX Trading Strategy: Looking to turn bullish either above 13230 or below 13155.

LEVELS: 13040 13066 1312613200 1323013260

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3628+0.0002+0.01%
    USDSGD=X
    1.5258+0.001+0.06%
    EURSGD=X
    2.1040+0.0003+0.01%
    GBPSGD=X
    87.7859-0.0127-0.01%
    SGDJPY=X
    5.6910-0.0009-0.02%
    SGDHKD=X
    2.6536-0.0004-0.01%
    SGDMYR=X
    9,530.7559-1.3789-0.01%
    SGDIDR=X
    4.5974-0.0007-0.01%
    SGDCNY=X
    1.0645+0.0006+0.06%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,214.70+4.60+0.38%
    GCJ15.CMX
    16.620.00-0.02%
    SIK15.CMX
    76.94+1.10+1.45%
    ^XAU
    2.69-0.01-0.24%
    HGK15.CMX
    49.76+1.35+2.80%
    CLJ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.50-0.02
    ^FVX
    2.00-0.01
    ^TNX
    2.60-0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.975-0.085-8.02%
    N21.SI
    0.405-0.005-1.22%
    E5H.SI
    0.280.000.00%
    5WA.SI
    0.70-0.01-1.41%
    Y92.SI
    0.985+0.005+0.51%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.17+0.03+21.43%
    40B.SI
    0.24+0.02+11.63%
    B1N.SI
    0.625+0.060+10.62%
    L5I.SI
    0.80+0.07+9.59%
    533.SI
    0.24+0.02+9.09%
    D79.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.105-0.010-8.70%
    J8O.SI
    0.42-0.04-8.70%
    CH8.SI
    0.14-0.01-8.50%
    5TJ.SI
    0.975-0.085-8.02%
    N21.SI
    0.29-0.03-7.94%
    AFC.SI