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

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.1092+0.0038

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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
    1.3502-0.0032-0.23%
    USDSGD=X
    1.4976+0.0021+0.14%
    EURSGD=X
    1.7777-0.009-0.50%
    GBPSGD=X
    77.5780-0.205-0.26%
    SGDJPY=X
    5.7429+0.0135+0.24%
    SGDHKD=X
    2.9997-0.0131-0.43%
    SGDMYR=X
    9,698.1865-17.0332-0.18%
    SGDIDR=X
    4.9308+0.0035+0.07%
    SGDCNY=X
    1.0166+0.0033+0.33%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,351.00+16.50+1.24%
    GCZ16.CMX
    20.52+0.52+2.63%
    SIU16.CMX
    107.59+4.59+4.46%
    ^XAU
    2.21+0.03+1.19%
    HGU16.CMX
    42.06+0.14+0.33%
    CLU16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.10-0.04
    ^FVX
    1.51-0.05
    ^TNX
    2.23-0.05
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.36-0.01-4.00%
    E5H.SI
    0.51+0.02+5.15%
    5TP.SI
    0.315-0.030-8.70%
    5ME.SI
    0.166-0.003-1.78%
    N21.SI
    4.29-0.02-0.46%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.255+0.064+33.51%
    AZT.SI
    0.29+0.03+9.43%
    S71.SI
    0.235+0.020+9.30%
    S46.SI
    0.195+0.016+8.94%
    P36.SI
    0.955+0.075+8.52%
    5HJ.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.093-0.037-28.46%
    42D.SI
    0.215-0.065-23.21%
    BQN.SI
    0.103-0.030-22.56%
    BEZ.SI
    0.26-0.06-18.75%
    5UL.SI
    0.295-0.040-11.94%
    BBP.SI