Commodity Prices

Gold •15 mins	2,389.70	-8.30	-0.35%
Platinum •15 mins	942.30	-12.20	-1.28%
WTI Crude •10 mins	82.01	-0.72	-0.87%
Gasoline •10 mins	2.687	-0.027	-1.00%
Ethanol •14 hours	2.161	+0.000	+0.00%
Silver •15 mins	28.27	-0.12	-0.41%

Silver • 15 mins	28.27	-0.12	-0.41%
Copper • 15 mins	4.463	+0.026	+0.59%
Brent Crude • 10 mins	86.31	-0.80	-0.92%
Natural Gas • 10 mins	1.740	-0.017	-0.97%
Heating Oil • 12 mins	2.518	-0.016	-0.62%

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EUR/USD: Broader Consolidation Favoured

By - Jun 20, 2014, 5:55 AM CDT

EUR/USD has broken the hourly resistance at 1.3602 (10/06/2014 high). A short-term rise towards the resistance at 1.3677 (see also the 38.2% retracement) is favoured as long as the hourly support at 1.3584 (19/06/2014 low) holds. A key support stands at 1.3503. An hourly resistance now lies at 1.3644 (19/06/2014 high).

In the longer term, the break of the long-term rising wedge (see also the support at 1.3673) indicates a clear deterioration of the technical structure. The long-term downside risk implied by the double-top formation is 1.3379. Key supports can be found at 1.3477 (03/02/2014 low) and 1.3296 (07/11/2013 low).

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