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

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SymbolPriceChange
EURUSD=X1.3828+0.001

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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
    1.2581+0.0027+0.22%
    USDSGD=X
    1.7397+0.005+0.29%
    EURSGD=X
    2.1133+0.0067+0.32%
    GBPSGD=X
    81.3396-0.3342-0.41%
    SGDJPY=X
    6.1628-0.0128-0.21%
    SGDHKD=X
    2.5983-0.0028-0.11%
    SGDMYR=X
    9,255.8750-43.8096-0.47%
    SGDIDR=X
    4.9669-0.0018-0.04%
    SGDCNY=X
    1.1656-0.0003-0.02%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,288.90+4.30+0.33%
    GCM14.CMX
    19.62+0.19+0.96%
    SIK14.CMX
    92.21-0.66-0.71%
    ^XAU
    3.12+0.06+2.03%
    HGK14.CMX
    101.92+0.48+0.47%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.74+0.03
    ^FVX
    2.70+0.01
    ^TNX
    3.48+0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.123+0.001+0.82%
    B22.SI
    0.15+0.008+5.63%
    545.SI
    0.635+0.040+6.72%
    5WH.SI
    0.615+0.005+0.82%
    E5H.SI
    1.355+0.005+0.37%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    20.00+4.200+26.58%
    K6S.SI
    1.215+0.190+18.54%
    S53.SI
    0.415+0.045+12.16%
    570.SI
    1.345+0.130+10.70%
    5DA.SI
    0.154+0.014+10.00%
    5GD.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.053-0.059-52.68%
    5TF.SI
    1.62-0.520-24.30%
    N02.SI
    0.20-0.020-9.09%
    E94.SI
    0.179-0.013-6.77%
    567.SI
    0.30-0.020-6.25%
    508.SI