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

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.1014+0.0022

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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
    1.3576+0.0036+0.26%
    USDSGD=X
    1.4957+0.0073+0.49%
    EURSGD=X
    2.0958+0.0028+0.13%
    GBPSGD=X
    89.7150-0.7319-0.81%
    SGDJPY=X
    5.7120-0.0157-0.27%
    SGDHKD=X
    2.8068-0.0155-0.55%
    SGDMYR=X
    9,823.2266-32.7607-0.33%
    SGDIDR=X
    4.5759-0.0116-0.25%
    SGDCNY=X
    1.0017-0.006-0.60%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,148.30-4.30-0.37%
    GCQ15.CMX
    14.74-0.22-1.50%
    SIU15.CMX
    60.41-3.09-4.86%
    ^XAU
    2.39-0.06-2.29%
    HGU15.CMX
    51.64-0.69-1.32%
    CLQ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.52-0.03
    ^FVX
    2.23-0.05
    ^TNX
    3.01-0.06
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.157-0.006-3.68%
    5GB.SI
    0.122-0.060-32.97%
    5I0.SI
    0.695-0.020-2.80%
    N21.SI
    0.23-0.02-8.00%
    AFC.SI
    0.395-0.005-1.25%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.48+0.08+21.52%
    AXC.SI
    0.275+0.025+10.00%
    PA3.SI
    0.32+0.03+8.47%
    UV1.SI
    0.55+0.04+7.84%
    5DO.SI
    0.29+0.02+7.41%
    S46.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.122-0.060-32.97%
    5I0.SI
    0.21-0.08-26.32%
    T18.SI
    0.315-0.105-25.00%
    I85.SI
    0.55-0.15-21.43%
    AXL.SI
    0.178-0.037-17.21%
    D79.SI