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

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.1287+0.004

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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
    1.4014+0.0022+0.16%
    USDSGD=X
    1.5815+0.0079+0.50%
    EURSGD=X
    2.1617+0.006+0.28%
    GBPSGD=X
    86.3501-0.249-0.29%
    SGDJPY=X
    5.5303-0.0091-0.17%
    SGDHKD=X
    2.9983-0.0102-0.34%
    SGDMYR=X
    9,988.6045-51.5146-0.51%
    SGDIDR=X
    4.5610-0.0182-0.40%
    SGDCNY=X
    1.0061+0.0033+0.32%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,129.20+6.60+0.59%
    GCZ15.CMX
    14.47+0.05+0.37%
    SIU15.CMX
    46.84+2.87+6.53%
    ^XAU
    2.330.00-0.02%
    HGZ15.CMX
    42.82+0.26+0.61%
    CLV15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.48+0.01
    ^FVX
    2.170.00
    ^TNX
    2.90-0.03
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.125+0.011+9.65%
    5DN.SI
    0.535+0.020+3.88%
    N21.SI
    0.310.000.00%
    5WA.SI
    0.73+0.04+5.04%
    5ME.SI
    0.310.00+1.64%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.205+0.036+21.30%
    NO4.SI
    0.25+0.05+21.95%
    5NF.SI
    0.166+0.029+21.17%
    T13.SI
    0.42+0.07+20.00%
    AZT.SI
    0.132+0.021+18.92%
    5MD.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.081-0.039-32.50%
    5UA.SI
    0.205-0.095-31.67%
    Y06.SI
    0.11-0.02-15.38%
    40R.SI
    0.19-0.02-9.52%
    L02.SI
    0.172-0.017-8.99%
    AWQ.SI