FOREX Technical Analysis: EUR/USD 13250 is Still Estimated Support if Reached

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.0777-0.0047

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eliottWaves_eur-usd_body_eurusd.png, FOREX Technical Analysis: EUR/USD 13250 is Still Estimated Support if Reached

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: The EURUSD has traded sideways since 1/14 and there is no change - “A yearlong bottoming pattern has been confirmed as complete and the first EURUSD objective isn’t until above 13800 (61.8% of decline from 2011 high and where the rally from the 2012 low would consist of 2 equal legs).”

FOREX Trading Strategy: Given the significance of the longer term bottoming pattern, I’m willing to stay bullish as long as price is above 13100. Any entries will be posted on Twitter @JamieSaettele.

LEVELS: 13152 13200 1325013371 1340313485

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3756-0.0008-0.06%
    USDSGD=X
    1.4829-0.0069-0.47%
    EURSGD=X
    2.0333-0.0043-0.21%
    GBPSGD=X
    87.3338+0.0445+0.05%
    SGDJPY=X
    5.6375+0.0033+0.06%
    SGDHKD=X
    2.6985+0.0006+0.02%
    SGDMYR=X
    9,513.2861-3.2109-0.03%
    SGDIDR=X
    4.5063-0.0051-0.11%
    SGDCNY=X
    1.0495-0.0037-0.35%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,181.30-3.50-0.30%
    GCJ15.CMX
    16.51-0.16-0.95%
    SIK15.CMX
    66.52-1.21-1.78%
    ^XAU
    2.76-0.02-0.61%
    HGK15.CMX
    47.94-0.74-1.52%
    CLK15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.420.00
    ^FVX
    1.96+0.01
    ^TNX
    2.56+0.03
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.2850.0000.00%
    5WA.SI
    0.1340.0000.00%
    E13.SI
    0.171+0.001+0.59%
    5GB.SI
    4.38+0.02+0.46%
    Z74.SI
    0.925-0.005-0.54%
    N21.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.15+0.04+36.36%
    5IF.SI
    0.169+0.019+12.67%
    5PI.SI
    0.179+0.012+7.19%
    A50.SI
    0.74-0.01-1.33%
    AGS.SI
    0.90+0.04+5.26%
    H30.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.11-0.03-23.61%
    5GF.SI
    0.106-0.023-17.83%
    H16.SI
    0.23-0.05-16.36%
    41H.SI
    0.22-0.03-12.00%
    O08.SI
    0.44-0.05-10.20%
    UV1.SI