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

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SymbolPriceChange
EURUSD=X1.1033+0.0001

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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
    1.3707-0.0004-0.03%
    USDSGD=X
    1.5122-0.0003-0.02%
    EURSGD=X
    2.0900-0.0011-0.05%
    GBPSGD=X
    87.5967-0.00410.00%
    SGDJPY=X
    5.6583+0.0018+0.03%
    SGDHKD=X
    2.6661+0.0022+0.08%
    SGDMYR=X
    9,505.7676+1.7295+0.02%
    SGDIDR=X
    4.5722+0.0012+0.03%
    SGDCNY=X
    1.06700.000.00%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,199.10+2.90+0.24%
    GCJ15.CMX
    16.20+0.04+0.26%
    SIK15.CMX
    72.53-0.16-0.22%
    ^XAU
    2.650.00-0.06%
    HGK15.CMX
    51.01+0.25+0.49%
    CLJ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.57-0.03
    ^FVX
    2.11-0.01
    ^TNX
    2.720.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    100.015+0.0010.00%
    41H.SI
    0.139+0.004+2.96%
    5GB.SI
    0.280.000.00%
    5WA.SI
    0.41-0.02-3.53%
    E5H.SI
    0.95-0.01-1.55%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.22+0.03+15.79%
    B26.SI
    0.114+0.009+8.57%
    5TN.SI
    0.128+0.010+8.47%
    5G2.SI
    0.235+0.015+6.82%
    D79.SI
    0.695+0.035+5.30%
    TI6.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.11-0.02-14.73%
    5MD.SI
    0.61-0.06-9.63%
    O9E.SI
    0.20-0.02-9.09%
    B1N.SI
    0.21-0.02-8.70%
    5G1.SI
    0.305-0.025-7.58%
    T4B.SI