Commodity Prices

Gold •10 mins	2,394.90	-3.10	-0.13%
Platinum •10 mins	948.60	-5.90	-0.62%
WTI Crude •10 mins	82.60	-0.13	-0.16%
Gasoline •11 mins	2.707	-0.007	-0.25%
Ethanol •51 mins	2.161	+0.000	+0.00%
Silver •10 mins	28.29	-0.09	-0.32%

Silver • 10 mins	28.29	-0.09	-0.32%
Copper • 10 mins	4.431	-0.006	-0.12%
Brent Crude • 30 mins	87.11	-0.18	-0.21%
Natural Gas • 11 mins	1.744	-0.013	-0.74%
Heating Oil • 13 mins	2.534	-0.000	-0.01%

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EUR/USD: Bullish Breakout of the Triangle Favours Further Strength

By - Oct 17, 2012, 5:52 AM CDT

EUR/USD has broken to the upside out of its symmetrical triangle, which calls for further strength towards 1.3320. Monitor the resistance at 1.3172 (17/09/2012 high). An hourly support is at 1.3016 (intraday low).

Even though the long-term trend is still negative (see long-term declining trendline linking the May 2011 high with the August 2011 high), the recent improvements suggest that the rise that started in July 2012 is not over.

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