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

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.0975-0.0003

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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
    1.3742+0.0051+0.37%
    USDSGD=X
    1.5073+0.0044+0.29%
    EURSGD=X
    2.1465+0.0107+0.50%
    GBPSGD=X
    90.4457-0.1244-0.14%
    SGDJPY=X
    5.6407-0.0213-0.38%
    SGDHKD=X
    2.7826-0.0032-0.12%
    SGDMYR=X
    9,802.1025-51.4482-0.52%
    SGDIDR=X
    4.5187-0.016-0.35%
    SGDCNY=X
    1.0021+0.004+0.40%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,085.50-7.40-0.68%
    GCV15.CMX
    14.68-0.11-0.75%
    SIZ15.CMX
    48.37+0.90+1.91%
    ^XAU
    2.420.00-0.16%
    HGG16.CMX
    48.84+0.05+0.10%
    CLU15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.61+0.02
    ^FVX
    2.28+0.03
    ^TNX
    2.99+0.03
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.52-0.07-11.86%
    N21.SI
    0.320.00-1.54%
    E5H.SI
    0.139+0.003+2.21%
    5DN.SI
    0.310.00-1.59%
    5WA.SI
    0.915+0.035+3.98%
    5ME.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.199+0.049+32.67%
    5MQ.SI
    0.45+0.09+25.00%
    K1Q.SI
    0.65+0.09+16.07%
    L5I.SI
    0.295+0.035+13.46%
    PA3.SI
    0.445+0.050+12.66%
    42C.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.38-0.11-22.45%
    AZT.SI
    0.128-0.018-12.33%
    5TJ.SI
    0.52-0.07-11.86%
    N21.SI
    0.16-0.02-11.11%
    AVX.SI
    0.39-0.05-10.34%
    5I3.SI