FOREX Technical Analysis: EUR/USD Unchanged after Friday Surge

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.1157+0.0021

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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 Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3779-0.0037-0.27%
    USDSGD=X
    1.5374-0.0012-0.08%
    EURSGD=X
    2.0173-0.0035-0.17%
    GBPSGD=X
    80.5816+0.1386+0.17%
    SGDJPY=X
    5.6374+0.0138+0.24%
    SGDHKD=X
    2.9901+0.0128+0.43%
    SGDMYR=X
    9,893.5352+26.3516+0.27%
    SGDIDR=X
    4.7740+0.0108+0.23%
    SGDCNY=X
    1.0005+0.0081+0.82%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,213.10-3.60-0.30%
    GCQ16.CMX
    16.02-0.25-1.53%
    SIN16.CMX
    79.41-2.71-3.31%
    ^XAU
    2.11-0.01-0.31%
    HGN16.CMX
    49.53+0.20+0.41%
    CLN16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.39+0.04
    ^FVX
    1.85+0.03
    ^TNX
    2.65+0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.295+0.015+5.36%
    N21.SI
    1.81-0.01-0.28%
    MC0.SI
    6.04-0.01-0.17%
    H78.SI
    1.02+0.01+0.99%
    C22.SI
    0.55+0.02+3.77%
    5ME.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.55+0.10+22.22%
    BQP.SI
    0.165+0.015+10.00%
    K22.SI
    1.65+0.15+10.00%
    BAI.SI
    0.29+0.03+9.43%
    A30.SI
    0.39+0.03+8.33%
    CZ4.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.50-0.09-15.25%
    AYB.SI
    0.435-0.060-12.12%
    AYV.SI
    0.305-0.040-11.59%
    BBP.SI
    0.152-0.019-11.11%
    BEH.SI
    0.285-0.035-10.94%
    S19.SI