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

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.3826+0.0021

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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
    1.2577+0.0019+0.15%
    USDSGD=X
    1.7389+0.0053+0.30%
    EURSGD=X
    2.1110-0.0019-0.09%
    GBPSGD=X
    81.3562-0.3446-0.42%
    SGDJPY=X
    6.1647-0.0089-0.14%
    SGDHKD=X
    2.5964-0.0051-0.19%
    SGDMYR=X
    9,203.4551+30.1279+0.33%
    SGDIDR=X
    4.9618-0.0053-0.11%
    SGDCNY=X
    1.1661-0.0099-0.84%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,284.80+3.70+0.29%
    GCM14.CMX
    19.46+0.10+0.51%
    SIK14.CMX
    91.05
    ^XAU
    3.05-0.01-0.28%
    HGK14.CMX
    101.55-0.20-0.20%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.72
    ^FVX
    2.70
    ^TNX
    3.48
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.122+0.002+1.67%
    B22.SI
    0.61+0.005+0.83%
    E5H.SI
    2.22+0.010+0.45%
    JS8.SI
    0.16+0.002+1.27%
    5GB.SI
    0.142-0.003-2.07%
    545.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.23+0.031+15.58%
    5UZ.SI
    0.22+0.020+10.00%
    D6U.SI
    0.184+0.014+8.24%
    5WD.SI
    0.275+0.020+7.84%
    5TP.SI
    0.161+0.011+7.33%
    A03.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.245-0.055-18.33%
    T18.SI
    0.196-0.024-10.91%
    5WR.SI
    0.161-0.019-10.56%
    T16.SI
    0.36-0.040-10.00%
    S24.SI
    0.098-0.010-9.26%
    C11.SI