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

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.1289+0.0093

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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
    1.3976-0.0086-0.62%
    USDSGD=X
    1.5778+0.0033+0.21%
    EURSGD=X
    2.0208-0.0079-0.39%
    GBPSGD=X
    82.3555+0.1545+0.19%
    SGDJPY=X
    5.5798+0.039+0.70%
    SGDHKD=X
    2.9829+0.0043+0.15%
    SGDMYR=X
    9,723.8125-25.5273-0.26%
    SGDIDR=X
    4.7039+0.0289+0.62%
    SGDCNY=X
    0.9866-0.0093-0.93%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,189.10-8.80-0.73%
    GCJ16.CMX
    15.24-0.19-1.21%
    SIH16.CMX
    54.48-2.29-4.04%
    ^XAU
    2.04-0.05-2.54%
    HGH16.CMX
    28.41-1.28-4.31%
    CLH16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.150.00
    ^FVX
    1.73-0.01
    ^TNX
    2.55-0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.33+0.02+4.76%
    N21.SI
    3.70+0.22+6.32%
    Z74.SI
    1.68+0.05+3.07%
    MC0.SI
    0.385+0.010+2.67%
    E5H.SI
    0.705+0.025+3.68%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.405+0.065+19.12%
    T4B.SI
    0.475+0.075+18.75%
    Y06.SI
    0.23+0.03+15.00%
    S9B.SI
    0.40+0.05+14.29%
    BJE.SI
    0.144+0.014+10.77%
    AWS.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.34-0.05-12.82%
    MN5.SI
    0.118-0.012-9.23%
    AWO.SI
    0.205-0.020-8.89%
    AYL.SI
    0.505-0.045-8.18%
    A05.SI
    0.193-0.017-8.10%
    S71.SI