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

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SymbolPriceChange
EURUSD=X1.1125-0.0017

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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
    1.3467-0.0001-0.01%
    USDSGD=X
    1.4985-0.0022-0.14%
    EURSGD=X
    2.1149-0.0014-0.07%
    GBPSGD=X
    91.1420+0.2673+0.29%
    SGDJPY=X
    5.7561+0.0007+0.01%
    SGDHKD=X
    2.7766-0.0127-0.46%
    SGDMYR=X
    9,890.4785-25.2744-0.25%
    SGDIDR=X
    4.6038-0.0032-0.07%
    SGDCNY=X
    1.0385+0.0007+0.07%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,173.40+1.60+0.14%
    GCQ15.CMX
    15.66+0.08+0.54%
    SIU15.CMX
    63.14-0.77-1.20%
    ^XAU
    2.63+0.01+0.54%
    HGU15.CMX
    58.69-0.78-1.31%
    CLQ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.630.00
    ^FVX
    2.340.00
    ^TNX
    3.10+0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.265+0.010+3.92%
    AFC.SI
    0.30+0.01+1.69%
    5WA.SI
    0.760.000.00%
    N21.SI
    0.30-0.03-9.09%
    R14.SI
    4.24+0.03+0.71%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    2.50+0.58+30.21%
    S91.SI
    0.194+0.040+25.97%
    AYE.SI
    0.285+0.050+21.28%
    5PL.SI
    0.36+0.04+12.50%
    5NF.SI
    0.192+0.020+11.63%
    AWR.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.21-0.11-33.33%
    AZR.SI
    0.31-0.04-12.68%
    UQ4.SI
    0.181-0.024-11.71%
    AVX.SI
    0.111-0.013-10.48%
    L08.SI
    0.30-0.03-9.09%
    R14.SI