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

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.1195-0.0051

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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
    1.4065+0.0074+0.53%
    USDSGD=X
    1.5744+0.0008+0.05%
    EURSGD=X
    2.1648+0.0091+0.42%
    GBPSGD=X
    86.2601-0.339-0.39%
    SGDJPY=X
    5.5097-0.0297-0.54%
    SGDHKD=X
    2.9674-0.0411-1.37%
    SGDMYR=X
    10,031.1562-8.9629-0.09%
    SGDIDR=X
    4.5413-0.0379-0.83%
    SGDCNY=X
    1.0077+0.0048+0.48%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,134.80+12.20+1.09%
    GCZ15.CMX
    14.53+0.10+0.68%
    SIZ15.CMX
    48.75+1.91+4.08%
    ^XAU
    2.34+0.02+0.69%
    HGZ15.CMX
    45.39+2.83+6.65%
    CLV15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.51+0.03
    ^FVX
    2.18+0.01
    ^TNX
    2.900.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.122+0.008+7.02%
    5DN.SI
    0.520.00+0.97%
    N21.SI
    0.310.000.00%
    5WA.SI
    0.310.00+1.64%
    E5H.SI
    3.80-0.05-1.30%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.152+0.041+36.94%
    5MD.SI
    0.25+0.05+21.95%
    5NF.SI
    0.205+0.036+21.30%
    NO4.SI
    0.42+0.07+20.00%
    AZT.SI
    0.25+0.03+16.28%
    A7S.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.205-0.095-31.67%
    Y06.SI
    0.77-0.23-23.00%
    AXL.SI
    0.098-0.022-18.33%
    5UA.SI
    0.11-0.02-15.38%
    40R.SI
    0.101-0.017-14.41%
    T08.SI