FOREX Trading: EUR/USD Continues to Fail above 13100

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SymbolPriceChange
EURUSD=X1.3832+0.0014

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FOREX Trading and Technical Analysis Observations

Comments from recent EURUSD technical updates remain valid - "I’d be surprised to see a sustained break through the December high (13126)...this is a high risk level and we should look lower." Zooming in on price action since 12/12, a triangle and terminal thrust into last night's high is visible. The thrust either completed the 5th wave from 12876 or a truncated C wave from the same level. In both instances, the immediate (1-2 days) outlook is towards at least 13040 and 12995. It’ll be interesting to see how the EURUSD closes the day and week in light of the trendlines currently in play.

EURUSD – Weekly Candles

FOREX_Trading_EURUSD_Continues_to_Fail_above_13100_body_eurusd.png, FOREX Trading: EUR/USD Continues to Fail above 13100

Prepared by Jamie Saettele, CMT

EURUSD – Daily Bars

FOREX_Trading_EURUSD_Continues_to_Fail_above_13100_body_eurusd_1.png, FOREX Trading: EUR/USD Continues to Fail above 13100

Prepared by Jamie Saettele, CMT

EURUSD – 15 Minute Bars

FOREX_Trading_EURUSD_Continues_to_Fail_above_13100_body_eurusd_2.png, FOREX Trading: EUR/USD Continues to Fail above 13100

Prepared by Jamie Saettele, CMT

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.25810.000.00%
    USDSGD=X
    1.7402+0.0054+0.31%
    EURSGD=X
    2.1138+0.0072+0.34%
    GBPSGD=X
    81.2921-0.3818-0.47%
    SGDJPY=X
    6.1624-0.00030.00%
    SGDHKD=X
    2.5984-0.0028-0.11%
    SGDMYR=X
    9,256.0264-43.6582-0.47%
    SGDIDR=X
    4.9669-0.0018-0.04%
    SGDCNY=X
    1.1653-0.0006-0.05%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,293.70+3.10+0.24%
    GCM14.CMX
    19.64-0.05-0.24%
    SIK14.CMX
    91.62-1.25-1.35%
    ^XAU
    3.120.00-0.05%
    HGK14.CMX
    101.91+0.47+0.46%
    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
    0.123+0.001+0.82%
    B22.SI
    0.15+0.008+5.63%
    545.SI
    0.635+0.040+6.72%
    5WH.SI
    0.615+0.005+0.82%
    E5H.SI
    1.355+0.005+0.37%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    20.00+4.200+26.58%
    K6S.SI
    1.215+0.190+18.54%
    S53.SI
    0.415+0.045+12.16%
    570.SI
    1.345+0.130+10.70%
    5DA.SI
    0.154+0.014+10.00%
    5GD.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.053-0.059-52.68%
    5TF.SI
    1.62-0.520-24.30%
    N02.SI
    0.20-0.020-9.09%
    E94.SI
    0.179-0.013-6.77%
    567.SI
    0.30-0.020-6.25%
    508.SI