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

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.0707-0.0033

DailyBars

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

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

--

Did you know that you can get stories like this on the Yahoo mail app?
Download it here.
Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3525+0.004+0.30%
    USDSGD=X
    1.4480-0.0003-0.02%
    EURSGD=X
    2.0121+0.0023+0.11%
    GBPSGD=X
    88.3469-0.0773-0.09%
    SGDJPY=X
    5.7302-0.0171-0.30%
    SGDHKD=X
    2.6994+0.0087+0.32%
    SGDMYR=X
    9,582.1846-55.9424-0.58%
    SGDIDR=X
    4.5858-0.0117-0.25%
    SGDCNY=X
    1.0411-0.0008-0.08%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,194.70+1.00+0.08%
    GCM15.CMX
    15.94+0.05+0.32%
    SIK15.CMX
    71.20+0.26+0.36%
    ^XAU
    2.73-0.01-0.24%
    HGK15.CMX
    57.60-0.28-0.48%
    CLM15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.32+0.03
    ^FVX
    1.90+0.05
    ^TNX
    2.57+0.07
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.290.00-1.69%
    5WA.SI
    4.33-0.08-1.81%
    Z74.SI
    1.045+0.020+1.95%
    G13.SI
    0.87-0.01-1.69%
    N21.SI
    0.225+0.005+2.27%
    5GB.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.295+0.030+11.32%
    G10.SI
    0.525+0.040+8.25%
    P9D.SI
    0.215+0.010+4.88%
    I07.SI
    0.26+0.01+6.12%
    I85.SI
    0.117+0.008+7.34%
    41S.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.20-0.05-20.00%
    5WD.SI
    0.23-0.02-9.80%
    41H.SI
    0.37-0.03-6.33%
    5VP.SI
    0.118-0.006-4.84%
    5PO.SI
    0.20-0.01-4.76%
    B26.SI