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

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.0632+0.0001

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

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.113+0.011+10.78%
    40F.SI
    3.16+0.04+1.28%
    C31.SI
    0.1720.0000.00%
    N21.SI
    2.60-0.01-0.38%
    MC0.SI
    0.625-0.005-0.79%
    Y45.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.113+0.011+10.78%
    40F.SI
    0.235+0.010+4.44%
    1C3.SI
    0.142+0.004+2.90%
    5UE.SI
    0.50+0.02+4.17%
    AWE.SI
    0.74+0.02+2.78%
    AVM.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.355-0.035-8.97%
    5DP.SI
    0.205-0.020-8.89%
    I49.SI
    0.195-0.015-7.14%
    BCV.SI
    0.183-0.008-4.19%
    42W.SI
    1.735-0.050-2.80%
    U77.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4285-0.0003-0.02%
    USDSGD=X
    1.5188-0.0001-0.01%
    EURSGD=X
    1.7523+0.0006+0.03%
    GBPSGD=X
    80.3210+0.168+0.21%
    SGDJPY=X
    5.4281+0.0021+0.04%
    SGDHKD=X
    3.1165-0.0187-0.60%
    SGDMYR=X
    9,391.7949+22.9902+0.25%
    SGDIDR=X
    4.8060+0.0224+0.47%
    SGDCNY=X
    1.0727-0.0003-0.03%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,198.60-13.50-1.11%
    GCG17.CMX
    16.99-0.29-1.67%
    SIH17.CMX
    87.96-1.13-1.27%
    ^XAU
    2.62+0.01+0.21%
    HGH17.CMX
    51.45+0.37+0.72%
    CLG17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.88+0.06
    ^FVX
    2.39+0.06
    ^TNX
    2.99+0.06
    ^TYX