Commodity Prices

Gold •15 mins	2,340.40	+2.00	+0.09%
Platinum •15 mins	914.30	-1.50	-0.16%
WTI Crude •10 mins	82.82	+0.01	+0.01%
Gasoline •20 mins	2.748	+0.014	+0.50%
Ethanol •14 hours	2.161	+0.000	+0.00%
Silver •15 mins	27.39	+0.04	+0.14%

Silver • 15 mins	27.39	+0.04	+0.14%
Copper • 15 mins	4.550	+0.064	+1.42%
Brent Crude • 10 mins	88.03	+0.01	+0.01%
Natural Gas • 10 mins	1.664	+0.011	+0.67%
Heating Oil • 12 mins	2.560	+0.010	+0.39%

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EUR/USD: Surge in Buying Interest

By - Jan 24, 2014, 4:58 AM CST

EUR/USD moved sharply higher yesterday, breaking its declining trendline. A break of the resistance at 1.3699 would open the way for further strength towards the resistance at 1.3819. Hourly supports can be found at 1.3625 (intraday low) and 1.3583 (22/01/2014 high).

In the longer term, the recent false breakout near the key resistance area defined by 1.3811 (11/12/2013 high) and the long-term declining trendline (around 1.3890) suggest a limited upside potential. We favour a gradual corrective phase towards the 200 day moving average (around 1.3350).

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