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

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.1178-0.0015

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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
    1.3754+0.0018+0.13%
    USDSGD=X
    1.53740.000.00%
    EURSGD=X
    2.0155+0.0009+0.05%
    GBPSGD=X
    79.7758-0.134-0.17%
    SGDJPY=X
    5.6452-0.0094-0.17%
    SGDHKD=X
    2.9531-0.0039-0.13%
    SGDMYR=X
    9,869.8154-0.5938-0.01%
    SGDIDR=X
    4.7706-0.0015-0.03%
    SGDCNY=X
    0.9926+0.0003+0.03%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,224.30+1.60+0.13%
    GCQ16.CMX
    16.340.00-0.02%
    SIN16.CMX
    82.12-0.10-0.12%
    ^XAU
    2.12+0.02+0.76%
    HGN16.CMX
    49.15-0.33-0.67%
    CLN16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.34-0.06
    ^FVX
    1.82-0.05
    ^TNX
    2.63-0.04
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.30-0.01-3.23%
    N21.SI
    0.890.00+0.56%
    Y92.SI
    0.735+0.025+3.52%
    G13.SI
    1.0050.0000.00%
    C22.SI
    3.92+0.06+1.55%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.245+0.030+13.95%
    F86.SI
    0.335+0.030+9.84%
    F03.SI
    0.21+0.02+7.69%
    5NF.SI
    0.615+0.040+6.96%
    BMA.SI
    4.68+0.27+6.12%
    B61.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.45-0.07-14.29%
    AWE.SI
    0.22-0.04-15.38%
    BKZ.SI
    0.55-0.10-15.38%
    N0Z.SI
    0.145-0.019-11.59%
    5G1.SI
    0.141-0.014-9.03%
    5TR.SI