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

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.1467+0.0005

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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
    1.3442-0.0012-0.09%
    USDSGD=X
    1.5415-0.0006-0.04%
    EURSGD=X
    1.9639+0.0006+0.03%
    GBPSGD=X
    79.2850+0.2638+0.33%
    SGDJPY=X
    5.7715+0.0055+0.10%
    SGDHKD=X
    2.9142+0.0054+0.19%
    SGDMYR=X
    9,800.8955-8.457-0.09%
    SGDIDR=X
    4.7743-0.0374-0.78%
    SGDCNY=X
    1.0224-0.0004-0.04%
    AUDSGD=X
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    Commodities
    NamePriceChange% Chg
    1,295.10+28.70+2.27%
    GCM16.CMX
    17.88+0.29+1.63%
    SIN16.CMX
    92.85+5.95+6.85%
    ^XAU
    2.28+0.05+2.04%
    HGN16.CMX
    45.59-0.44-0.96%
    CLM16.NYM
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    1.28-0.02
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