FOREX Technical Analysis: EUR/USD Unchanged after Friday Surge

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SymbolPriceChange
EURUSD=X1.06310.00

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eliottWaves_eur-usd_body_eurusd.png, FOREX Technical Analysis: EUR/USD Unchanged after Friday Surge

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: A longer term breakout was discussed in Friday’s FX Technical Weekly. Near term, the EURUSD may poke above Sunday’s high in order to complete a 5 wave sequence from 13040 before dropping back into 13040/65. This level is defined by the former 4th wave area and the topside of former trendline resistance.

FOREX Trading Strategy: Wait for weakness into at least 13040/65 before considering longs for a longer term breakout.

LEVELS: 13008 13065 1312613226 1328313385

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MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.115+0.013+12.75%
    40F.SI
    0.174+0.002+1.16%
    N21.SI
    0.106+0.004+3.92%
    AAJ.SI
    0.199+0.014+7.57%
    DU4.SI
    0.182-0.002-1.09%
    40E.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.169+0.044+35.20%
    5PI.SI
    0.115+0.013+12.75%
    40F.SI
    0.60+0.05+9.09%
    BQP.SI
    0.152+0.012+8.57%
    A04.SI
    0.199+0.014+7.57%
    DU4.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.19-0.03-15.56%
    BTJ.SI
    0.38-0.07-15.56%
    AYB.SI
    0.445-0.075-14.42%
    E8Z.SI
    0.181-0.029-13.81%
    BCV.SI
    0.10-0.02-13.04%
    42L.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4286-0.0002-0.01%
    USDSGD=X
    1.5187-0.0002-0.01%
    EURSGD=X
    1.7591+0.0074+0.42%
    GBPSGD=X
    80.6730+0.52+0.65%
    SGDJPY=X
    5.4282+0.0022+0.04%
    SGDHKD=X
    3.1139-0.0213-0.68%
    SGDMYR=X
    9,390.2725+21.4678+0.23%
    SGDIDR=X
    4.8069+0.0233+0.49%
    SGDCNY=X
    1.0782+0.0052+0.48%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,200.80-11.30-0.93%
    GCG17.CMX
    16.93-0.34-1.96%
    SIH17.CMX
    87.33-0.63-0.72%
    ^XAU
    2.610.00-0.13%
    HGH17.CMX
    51.44+0.36+0.70%
    CLG17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.96+0.08
    ^FVX
    2.47+0.08
    ^TNX
    3.05+0.06
    ^TYX