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

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.0703+0.0105

DailyBars

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

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.171-0.004-2.29%
    N21.SI
    0.1850.0000.00%
    40E.SI
    0.410.00-1.20%
    5ME.SI
    0.164+0.003+1.86%
    5DM.SI
    2.60+0.02+0.78%
    MC0.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.20+0.03+17.65%
    BCV.SI
    0.35+0.05+16.67%
    AWC.SI
    0.415+0.035+9.21%
    J2T.SI
    0.87+0.07+8.75%
    AXV.SI
    0.197+0.015+8.24%
    P36.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.285-0.085-22.97%
    K29.SI
    0.094-0.026-21.67%
    J17.SI
    0.425-0.045-9.57%
    BTF.SI
    0.235-0.020-7.84%
    1A0.SI
    0.405-0.030-6.90%
    BVQ.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4176-0.0124-0.87%
    USDSGD=X
    1.5170+0.0016+0.11%
    EURSGD=X
    1.7541+0.0348+2.02%
    GBPSGD=X
    79.7670+0.005+0.01%
    SGDJPY=X
    5.4695+0.0493+0.91%
    SGDHKD=X
    3.1473+0.025+0.80%
    SGDMYR=X
    9,450.8018+74.3877+0.79%
    SGDIDR=X
    4.8331+0.0101+0.21%
    SGDCNY=X
    1.0701+0.0019+0.18%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,215.50+19.30+1.61%
    GCG17.CMX
    17.16+0.39+2.33%
    SIH17.CMX
    89.13+2.09+2.40%
    ^XAU
    2.66-0.03-1.25%
    HGH17.CMX
    52.94+0.57+1.09%
    CLG17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.81-0.07
    ^FVX
    2.32-0.06
    ^TNX
    2.92-0.06
    ^TYX