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

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.0987+0.0033

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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
    1.3757-0.002-0.15%
    USDSGD=X
    1.5116+0.0024+0.16%
    EURSGD=X
    2.1493+0.0019+0.09%
    GBPSGD=X
    90.0739+0.0688+0.08%
    SGDJPY=X
    5.6358+0.008+0.14%
    SGDHKD=X
    2.7962-0.0032-0.11%
    SGDMYR=X
    9,803.2393+22.4258+0.23%
    SGDIDR=X
    4.5123+0.0047+0.10%
    SGDCNY=X
    1.0184+0.0158+1.58%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,090.50+1.30+0.12%
    GCU15.CMX
    14.55-0.02-0.12%
    SIZ15.CMX
    45.54-2.03-4.26%
    ^XAU
    2.36+0.01+0.55%
    HGU15.CMX
    46.19+0.63+1.38%
    CLV15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.51-0.03
    ^FVX
    2.15-0.05
    ^TNX
    2.86-0.07
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.60+0.13+27.66%
    N21.SI
    2.35+0.15+6.82%
    MC0.SI
    0.32+0.01+3.23%
    E5H.SI
    0.129+0.006+4.88%
    5DN.SI
    0.310.000.00%
    5WA.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.60+0.13+27.66%
    N21.SI
    0.445+0.065+17.11%
    AZT.SI
    0.31+0.05+16.98%
    578.SI
    0.15+0.02+16.28%
    EB7.SI
    0.119+0.014+13.33%
    5FR.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.23-0.04-14.81%
    5WR.SI
    0.425-0.060-12.37%
    MN5.SI
    0.20-0.02-9.09%
    L02.SI
    0.164-0.016-8.89%
    5KU.SI
    0.42-0.04-8.70%
    AZZ.SI