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

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.1151-0.0007

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.

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
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 MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.115-0.004-3.36%
    N21.SI
    0.32+0.01+3.23%
    5OT.SI
    4.06+0.04+1.00%
    Z74.SI
    0.335+0.020+6.35%
    1A0.SI
    0.215-0.005-2.27%
    5ME.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.29+0.04+18.37%
    PA3.SI
    0.189+0.023+13.86%
    AWS.SI
    0.14+0.01+8.53%
    5TR.SI
    0.53+0.04+8.16%
    BHU.SI
    0.205+0.014+7.33%
    5UZ.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.33-0.06-15.38%
    43A.SI
    0.24-0.03-11.11%
    F86.SI
    0.15-0.01-8.54%
    UV1.SI
    0.69-0.05-6.12%
    BTE.SI
    92.00-5.52-5.66%
    N2H.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3628+0.0006+0.05%
    USDSGD=X
    1.5197+0.0001+0.01%
    EURSGD=X
    1.7909+0.0013+0.07%
    GBPSGD=X
    75.7810-0.008-0.01%
    SGDJPY=X
    5.6904-0.0007-0.01%
    SGDHKD=X
    2.9930+0.0034+0.11%
    SGDMYR=X
    9,747.3623-20.167-0.21%
    SGDIDR=X
    4.9007+0.0005+0.01%
    SGDCNY=X
    1.0276+0.004+0.39%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,311.70+0.30+0.02%
    GCZ16.CMX
    18.65+0.02+0.12%
    SIU16.CMX
    90.17-1.67-1.82%
    ^XAU
    2.08+0.01+0.60%
    HGU16.CMX
    44.95+0.25+0.56%
    CLV16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.180.00
    ^FVX
    1.570.00
    ^TNX
    2.230.00
    ^TYX