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

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.1434-0.0053

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
    1.3574-0.0004-0.03%
    USDSGD=X
    1.5519-0.0077-0.49%
    EURSGD=X
    1.9692+0.0005+0.03%
    GBPSGD=X
    78.9023+0.1019+0.13%
    SGDJPY=X
    5.7173+0.00020.00%
    SGDHKD=X
    2.9501-0.0144-0.49%
    SGDMYR=X
    9,831.2959-21.0732-0.21%
    SGDIDR=X
    4.7898+0.006+0.12%
    SGDCNY=X
    1.0171+0.0044+0.43%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,283.40+9.00+0.71%
    GCM16.CMX
    17.56+0.25+1.47%
    SIN16.CMX
    83.27-3.96-4.54%
    ^XAU
    2.17-0.02-0.89%
    HGN16.CMX
    45.18+1.40+3.20%
    CLM16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.24-0.02
    ^FVX
    1.78-0.02
    ^TNX
    2.64-0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.4250.0000.00%
    N21.SI
    0.380.00-1.30%
    E5H.SI
    0.49+0.04+8.89%
    42R.SI
    0.785+0.015+1.95%
    G13.SI
    3.78+0.02+0.53%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.255+0.045+21.43%
    Y35.SI
    0.315+0.030+10.53%
    B49.SI
    0.49+0.04+8.89%
    42R.SI
    0.425+0.030+7.59%
    42W.SI
    0.205+0.014+7.33%
    AZT.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.435-0.095-17.92%
    BLA.SI
    0.455-0.045-9.00%
    BMA.SI
    0.165-0.015-8.33%
    O08.SI
    0.172-0.013-7.03%
    AWQ.SI
    0.20-0.02-6.98%
    AWI.SI