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

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.0633+0.0002

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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 MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.114+0.012+11.76%
    40F.SI
    3.16+0.04+1.28%
    C31.SI
    0.173+0.001+0.58%
    N21.SI
    2.60-0.01-0.38%
    MC0.SI
    0.625-0.005-0.79%
    Y45.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.114+0.012+11.76%
    40F.SI
    0.235+0.010+4.44%
    1C3.SI
    0.142+0.004+2.90%
    5UE.SI
    0.50+0.02+4.17%
    AWE.SI
    0.74+0.02+2.78%
    AVM.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.355-0.035-8.97%
    5DP.SI
    0.205-0.020-8.89%
    I49.SI
    0.195-0.015-7.14%
    BCV.SI
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    42W.SI
    1.735-0.050-2.80%
    U77.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4284-0.0004-0.03%
    USDSGD=X
    1.51890.000.00%
    EURSGD=X
    1.7524+0.0007+0.04%
    GBPSGD=X
    80.3150+0.162+0.20%
    SGDJPY=X
    5.4285+0.0025+0.05%
    SGDHKD=X
    3.1165-0.0187-0.60%
    SGDMYR=X
    9,391.7949+22.9902+0.25%
    SGDIDR=X
    4.8060+0.0224+0.47%
    SGDCNY=X
    1.0727-0.0003-0.03%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,198.80-13.30-1.10%
    GCG17.CMX
    16.99-0.28-1.64%
    SIH17.CMX
    87.96-1.13-1.27%
    ^XAU
    2.62+0.01+0.21%
    HGH17.CMX
    51.46+0.38+0.74%
    CLG17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.88+0.06
    ^FVX
    2.39+0.06
    ^TNX
    2.99+0.06
    ^TYX