Commodity Prices

Gold •20 mins	2,341.60	+3.20	+0.14%
Platinum •20 mins	913.50	-2.30	-0.25%
WTI Crude •10 mins	82.93	+0.12	+0.14%
Gasoline •11 mins	2.750	+0.015	+0.56%
Ethanol •14 hours	2.161	+0.000	+0.00%
Silver •20 mins	27.47	+0.12	+0.44%

Silver • 20 mins	27.47	+0.12	+0.44%
Copper • 20 mins	4.569	+0.082	+1.83%
Brent Crude • 10 mins	88.15	+0.13	+0.15%
Natural Gas • 10 mins	1.660	+0.007	+0.42%
Heating Oil • 15 mins	2.568	+0.018	+0.70%

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EUR/USD: Corrective Phase Underway

By - Jan 07, 2013, 5:48 AM CST

EUR/USD bounced last Friday. However, as long as the resistance at 1.3121 (intraday high) holds, further short-term weakness is favoured. Monitor the support implied by the mediumterm rising trendline (around 1.2970). Another support is at 1.2875.

The higher low in July 2012 (compared to July 2010) and the recent new high above the strong resistance at 1.3172 suggest an improvement of the underlying trend. A strong resistance is at 1.3487 (24/02/2012 high), while a key support is at 1.2662 (13/11/2012 low).

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