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

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.38320.00

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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
    1.2588+0.0007+0.06%
    USDSGD=X
    1.7411+0.0009+0.05%
    EURSGD=X
    2.1151+0.0013+0.06%
    GBPSGD=X
    81.3107+0.0187+0.02%
    SGDJPY=X
    6.1597-0.003-0.05%
    SGDHKD=X
    2.6019+0.0035+0.14%
    SGDMYR=X
    9,204.0146-52.0117-0.56%
    SGDIDR=X
    4.9712+0.0043+0.09%
    SGDCNY=X
    1.1674+0.0022+0.19%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,291.70+1.10+0.09%
    GCM14.CMX
    19.57-0.12-0.62%
    SIK14.CMX
    91.62-1.25-1.35%
    ^XAU
    3.13+0.01+0.22%
    HGK14.CMX
    101.79-0.15-0.15%
    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
    1.17+0.020+1.74%
    U6C.SI
    0.122-0.001-0.81%
    B22.SI
    1.34-0.015-1.11%
    G13.SI
    1.205-0.010-0.82%
    S53.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.17+0.018+11.84%
    5HH.SI
    0.21+0.020+10.53%
    F86.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
    0.141-0.013-8.44%
    5GD.SI
    0.151-0.009-5.63%
    A03.SI
    0.20-0.010-4.76%
    5CH.SI
    0.30-0.015-4.76%
    K29.SI
    0.21-0.005-2.33%
    510.SI