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

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.1314+0.0117

DailyBars

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

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.

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
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
    1.3971-0.0092-0.65%
    USDSGD=X
    1.5800+0.0054+0.34%
    EURSGD=X
    2.0239-0.0047-0.23%
    GBPSGD=X
    82.2031+0.00220.00%
    SGDJPY=X
    5.5804+0.0396+0.71%
    SGDHKD=X
    2.9804+0.0018+0.06%
    SGDMYR=X
    9,727.2930-22.0469-0.23%
    SGDIDR=X
    4.7043+0.0293+0.63%
    SGDCNY=X
    0.9888-0.007-0.70%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,197.50-0.40-0.03%
    GCJ16.CMX
    15.44+0.02+0.12%
    SIH16.CMX
    57.23+0.46+0.80%
    ^XAU
    2.03-0.06-2.77%
    HGH16.CMX
    28.96-0.73-2.46%
    CLH16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.14-0.01
    ^FVX
    1.72-0.01
    ^TNX
    2.560.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.33+0.02+4.76%
    N21.SI
    3.70+0.22+6.32%
    Z74.SI
    1.68+0.05+3.07%
    MC0.SI
    0.385+0.010+2.67%
    E5H.SI
    0.705+0.025+3.68%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.405+0.065+19.12%
    T4B.SI
    0.475+0.075+18.75%
    Y06.SI
    0.23+0.03+15.00%
    S9B.SI
    0.40+0.05+14.29%
    BJE.SI
    0.144+0.014+10.77%
    AWS.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.34-0.05-12.82%
    MN5.SI
    0.118-0.012-9.23%
    AWO.SI
    0.205-0.020-8.89%
    AYL.SI
    0.505-0.045-8.18%
    A05.SI
    0.193-0.017-8.10%
    S71.SI