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

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.1185-0.0036

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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
    1.3827+0.0049+0.36%
    USDSGD=X
    1.5467+0.0006+0.04%
    EURSGD=X
    2.0158+0.0204+1.02%
    GBPSGD=X
    79.3072+0.0286+0.04%
    SGDJPY=X
    5.6173-0.02-0.36%
    SGDHKD=X
    2.9777+0.01+0.34%
    SGDMYR=X
    9,885.7402+17.835+0.18%
    SGDIDR=X
    4.7419-0.0155-0.33%
    SGDCNY=X
    0.9902-0.005-0.50%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,242.40-9.10-0.73%
    GCM16.CMX
    16.31-0.11-0.69%
    SIN16.CMX
    85.10-0.35-0.40%
    ^XAU
    2.07+0.02+0.92%
    HGN16.CMX
    47.91-0.17-0.35%
    CLN16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.370.00
    ^FVX
    1.84-0.01
    ^TNX
    2.63-0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    1.77-0.02-1.39%
    MC0.SI
    0.305-0.005-1.61%
    N21.SI
    0.89+0.03+3.49%
    Y92.SI
    0.71-0.01-1.39%
    G13.SI
    3.81-0.06-1.55%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.165+0.035+26.92%
    5WD.SI
    0.152+0.029+23.58%
    P74.SI
    0.99+0.08+8.79%
    AYN.SI
    0.335+0.025+8.06%
    5DO.SI
    0.45+0.03+7.14%
    544.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.15-0.05-26.83%
    BQI.SI
    0.665-0.135-16.87%
    AWE.SI
    0.235-0.035-12.96%
    BKW.SI
    0.111-0.014-11.20%
    569.SI
    0.124-0.013-9.49%
    ADP.SI