FOREX Technical Analysis: EUR/USD Unchanged after Friday Surge

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SymbolPriceChange
EURUSD=X1.0765+0.0049

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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
    0.164-0.002-1.20%
    N21.SI
    0.162+0.017+11.72%
    40E.SI
    1.025+0.045+4.59%
    G13.SI
    0.094-0.007-6.93%
    5I0.SI
    0.44+0.01+2.33%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.162+0.017+11.72%
    40E.SI
    0.525+0.050+10.53%
    43F.SI
    0.45+0.04+9.76%
    BJV.SI
    0.34+0.03+9.68%
    P9D.SI
    0.13+0.01+9.24%
    O9E.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.485-0.100-17.09%
    L5I.SI
    0.198-0.037-15.74%
    40D.SI
    0.37-0.04-9.76%
    BLL.SI
    0.285-0.030-9.52%
    BFU.SI
    0.215-0.020-8.51%
    AWI.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4184-0.0024-0.17%
    USDSGD=X
    1.5268+0.0041+0.27%
    EURSGD=X
    1.7907-0.0114-0.63%
    GBPSGD=X
    80.2050-0.046-0.06%
    SGDJPY=X
    5.4668+0.0108+0.20%
    SGDHKD=X
    3.1235+0.0138+0.44%
    SGDMYR=X
    9,422.9072-23.1191-0.24%
    SGDIDR=X
    4.8474+0.0054+0.11%
    SGDCNY=X
    1.0608+0.0006+0.06%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,173.70+6.10+0.52%
    GCZ16.CMX
    17.15+0.41+2.45%
    SIZ16.CMX
    82.36+0.21+0.26%
    ^XAU
    2.64-0.03-1.20%
    HGZ16.CMX
    49.88-1.05-2.06%
    CLF17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.80-0.04
    ^FVX
    2.35-0.05
    ^TNX
    3.03-0.05
    ^TYX