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

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SymbolPriceChange
EURUSD=X1.0769+0.0001

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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
    1.3629-0.0003-0.02%
    USDSGD=X
    1.4677-0.0002-0.02%
    EURSGD=X
    2.0218+0.0007+0.03%
    GBPSGD=X
    87.8227+0.0109+0.01%
    SGDJPY=X
    5.6885+0.0015+0.03%
    SGDHKD=X
    2.7108+0.0175+0.65%
    SGDMYR=X
    9,553.5264+44.2764+0.47%
    SGDIDR=X
    4.5473+0.0004+0.01%
    SGDCNY=X
    1.0325-0.0038-0.37%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,203.00-5.20-0.43%
    GCM15.CMX
    16.91-0.15-0.87%
    SIK15.CMX
    68.90+3.40+5.19%
    ^XAU
    2.750.00-0.04%
    HGK15.CMX
    49.52-0.57-1.14%
    CLK15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.33-0.05
    ^FVX
    1.87-0.07
    ^TNX
    2.47-0.07
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.139+0.008+6.11%
    E13.SI
    0.184+0.012+6.98%
    I12.SI
    0.2850.0000.00%
    5WA.SI
    2.67+0.01+0.38%
    MC0.SI
    0.176+0.007+4.14%
    AK3.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.139+0.017+13.93%
    5TJ.SI
    0.23+0.02+9.52%
    M9F.SI
    0.345+0.025+7.81%
    I06.SI
    0.125+0.009+7.76%
    T16.SI
    0.184+0.012+6.98%
    I12.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.14-0.05-26.32%
    5RC.SI
    0.315-0.020-5.97%
    QS9.SI
    0.215-0.020-8.51%
    M14.SI
    0.23-0.02-8.00%
    5WR.SI
    0.37-0.03-7.50%
    Y06.SI