FOREX Technical Analysis: EUR/USD 13125-13150 is Estimated Support

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.3837+0.0005

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eliottWaves_eur-usd_body_eurusd.png, FOREX Technical Analysis: EUR/USD 13125-13150 is Estimated Support

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: At this point, sideways trade in the EURUSD since 12/19 is viewed as nothing more than a correction, specifically a flat. Waves A and C of the flat would be equal at 13149, roughly in line with the 12/17 low at 13143. Former highs (10/17 and 12/5) are now potential support if reached at 13126/39 along with the 20 day average. Exceeding 13231 would suggest that the low is already in place.

FOREX Trading Strategy: Looking to turn bullish either above 13230 or below 13155.

LEVELS: 13040 13066 1312613200 1323013260

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2567-0.0014-0.11%
    USDSGD=X
    1.7389-0.0013-0.08%
    EURSGD=X
    2.1127-0.0011-0.05%
    GBPSGD=X
    81.3427+0.0506+0.06%
    SGDJPY=X
    6.1697+0.007+0.11%
    SGDHKD=X
    2.6019+0.0035+0.14%
    SGDMYR=X
    9,236.3770-19.6494-0.21%
    SGDIDR=X
    4.9768+0.0099+0.20%
    SGDCNY=X
    1.1655+0.0003+0.02%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,293.70+3.10+0.24%
    GCM14.CMX
    19.56-0.13-0.68%
    SIK14.CMX
    91.62-1.25-1.35%
    ^XAU
    3.11-0.01-0.24%
    HGK14.CMX
    101.58-0.36-0.35%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.74+0.03
    ^FVX
    2.690.00
    ^TNX
    3.460.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    2.22+0.010+0.45%
    JS8.SI
    1.16+0.010+0.87%
    U6C.SI
    0.122-0.001-0.81%
    B22.SI
    1.255+0.040+3.29%
    S53.SI
    1.34-0.015-1.11%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.21+0.020+10.53%
    F86.SI
    0.167+0.015+9.87%
    5HH.SI
    0.116+0.010+9.43%
    O2I.SI
    0.715+0.045+6.72%
    5DP.SI
    1.315+0.084+6.82%
    O9A.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.145-0.009-5.84%
    5GD.SI
    0.15-0.009-5.66%
    5EL.SI
    0.151-0.009-5.63%
    A03.SI
    0.30-0.010-3.23%
    5IG.SI
    0.30-0.015-4.76%
    K29.SI