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

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.1022+0.0043

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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
    1.3516-0.0001-0.01%
    USDSGD=X
    1.4894+0.0052+0.35%
    EURSGD=X
    2.10180.000.00%
    GBPSGD=X
    90.6596+0.4132+0.46%
    SGDJPY=X
    5.7359+0.0008+0.01%
    SGDHKD=X
    2.8028+0.0004+0.02%
    SGDMYR=X
    9,869.8213-19.2217-0.19%
    SGDIDR=X
    4.6305+0.0392+0.85%
    SGDCNY=X
    1.0146+0.0038+0.38%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,170.20+6.70+0.58%
    GCQ15.CMX
    15.74+0.13+0.81%
    SIZ15.CMX
    62.65+1.28+2.08%
    ^XAU
    2.60-0.03-1.12%
    HGU15.CMX
    55.00-1.93-3.39%
    CLQ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.65-0.06
    ^FVX
    2.39-0.02
    ^TNX
    3.190.00
    ^TYX

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