FOREX Technical Analysis: EUR/USD Trendline in Play for NFP at 1.2955

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.1182+0.0024

DailyBars

FOREX_Technical_Analysis_EURUSD_Trendline_in_Play_for_NFP_at_1.2955_body_eurusd.png, FOREX Technical Analysis: EUR/USD Trendline in Play for NFP at 1.2955

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: EURUSD weakness to begin the year is intense to say the least. In fact, today’s drop constitutes a JS Thrust (largest range over the last 20 days and a down day) and may signal the beginning of a larger bear move. Still, expect a reaction at 13000, which was resistance at times throughout October and November. Trendline support comes in at about 12955 tomorrow.

FOREX Trading Strategy: I’m looking to fade (buy) weakness at or just below 12950 IF on a reaction just after NFP tomorrow.

LEVELS: 12907 12950 1298313080 1312313158

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3769-0.0013-0.09%
    USDSGD=X
    1.5396+0.0019+0.12%
    EURSGD=X
    2.0260-0.0002-0.01%
    GBPSGD=X
    79.6881-0.2742-0.34%
    SGDJPY=X
    5.6403+0.0053+0.09%
    SGDHKD=X
    2.9619-0.0075-0.25%
    SGDMYR=X
    9,877.9424-2.6953-0.03%
    SGDIDR=X
    4.7637+0.0056+0.12%
    SGDCNY=X
    0.9928+0.0011+0.11%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,230.00+6.20+0.51%
    GCM16.CMX
    16.45+0.19+1.16%
    SIN16.CMX
    82.23+2.07+2.59%
    ^XAU
    2.11+0.01+0.45%
    HGN16.CMX
    49.91+0.35+0.71%
    CLN16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.40+0.01
    ^FVX
    1.87+0.01
    ^TNX
    2.67+0.03
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.113-0.001-0.88%
    40E.SI
    3.88+0.06+1.57%
    Z74.SI
    0.3050.0000.00%
    N21.SI
    1.775-0.010-0.56%
    MC0.SI
    0.875-0.005-0.57%
    Y92.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.152+0.012+8.57%
    5OT.SI
    0.13+0.01+8.33%
    5MQ.SI
    0.98+0.08+8.29%
    5G3.SI
    0.35+0.02+6.06%
    BBP.SI
    0.795+0.045+6.00%
    BKV.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.38-0.10-20.83%
    BLR.SI
    0.155-0.024-13.41%
    5PF.SI
    0.315-0.035-10.00%
    BDF.SI
    0.355-0.035-8.97%
    42E.SI
    0.167-0.013-7.22%
    578.SI