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

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SymbolPriceChange
EURUSD=X1.3827+0.0023

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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
    1.2579+0.0021+0.17%
    USDSGD=X
    1.7394+0.0058+0.34%
    EURSGD=X
    2.1117-0.0012-0.06%
    GBPSGD=X
    81.3668-0.3339-0.41%
    SGDJPY=X
    6.1637-0.0099-0.16%
    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
    1.1663-0.0098-0.83%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,284.10+3.00+0.23%
    GCM14.CMX
    19.45+0.09+0.46%
    SIK14.CMX
    91.26+0.21+0.23%
    ^XAU
    3.05-0.01-0.25%
    HGK14.CMX
    101.59-0.16-0.16%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.71-0.02
    ^FVX
    2.70-0.03
    ^TNX
    3.48-0.04
    ^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