Forex Trading: Looking for Euro Support

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.3829-0.0003
EURAUD=X1.4912-0.0022
EURCHF=X1.21950.00

The EURUSD is well off of Friday’s best levels and nearing potential support from the 1/31 low at 13541. This is the first level to look for longs, if even for just a partial retracement of the drop from Friday’s high (in the event of a multiday dip). The longer term target from the yearlong inverse head and shoulders is 14301.

The EURAUD is also well off of Friday’s high and has met support from the 1/31 low at 12989. This is the first level to look for longs, if even for just a partial retracement of the drop from Friday’s high (in the event of a multiday dip). The longer term target from the yearlong inverse head and shoulders is 14041.

The EURCHF may be searching for an important low with support defined by the 1/23 low and 20 day average.

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

To contact Jamie e-mail jsaettele@dailyfx.com. Follow me on Twitter for real time updates @JamieSaettele

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Jamie is the author of Sentiment in the Forex Market.

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2588+0.0007+0.05%
    USDSGD=X
    1.7408+0.0006+0.03%
    EURSGD=X
    2.1153+0.0015+0.07%
    GBPSGD=X
    81.3100+0.0179+0.02%
    SGDJPY=X
    6.1596-0.0031-0.05%
    SGDHKD=X
    2.6018+0.0035+0.13%
    SGDMYR=X
    9,227.6299-28.3965-0.31%
    SGDIDR=X
    4.9691+0.0021+0.04%
    SGDCNY=X
    1.1674+0.0022+0.19%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,292.20+1.60+0.12%
    GCM14.CMX
    19.58-0.11-0.57%
    SIK14.CMX
    91.62-1.25-1.35%
    ^XAU
    3.120.00+0.06%
    HGK14.CMX
    101.91-0.03-0.03%
    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
    2.23+0.020+0.90%
    JS8.SI
    1.175+0.025+2.17%
    U6C.SI
    0.122-0.001-0.81%
    B22.SI
    1.34-0.015-1.11%
    G13.SI
    1.21-0.005-0.41%
    S53.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.21+0.020+10.53%
    F86.SI
    0.116+0.010+9.43%
    O2I.SI
    0.165+0.013+8.55%
    5HH.SI
    1.315+0.084+6.82%
    O9A.SI
    0.73+0.060+8.96%
    5DP.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.142-0.012-7.79%
    5GD.SI
    0.29-0.010-3.33%
    O08.SI
    0.105+0.004+3.96%
    E9A.SI
    0.151-0.009-5.63%
    A03.SI
    0.30-0.015-4.76%
    K29.SI