Commodity Prices

Gold •14 mins	2,344.00	+5.60	+0.24%
Platinum •14 mins	925.50	+9.70	+1.06%
WTI Crude •10 mins	83.80	+0.99	+1.20%
Gasoline •14 mins	2.768	+0.034	+1.24%
Ethanol •2 hours	2.161	+0.000	+0.00%
Silver •14 mins	27.44	+0.09	+0.34%

Silver • 14 mins	27.44	+0.09	+0.34%
Copper • 14 mins	4.557	+0.071	+1.57%
Brent Crude • 10 mins	89.24	+1.22	+1.39%
Natural Gas • 21 mins	1.614	-0.039	-2.36%
Heating Oil • 11 mins	2.557	+0.007	+0.28%

Headlines

315 days Will The ECB Continue To Hike Rates?
316 days Forbes: Aramco Remains Largest Company In The Middle East
317 days Caltech Scientists Succesfully Beam Back Solar Power From Space
717 days Could Crypto Overtake Traditional Investment?
722 days Americans Still Quitting Jobs At Record Pace
724 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
727 days Is The Dollar Too Strong?
727 days Big Tech Disappoints Investors on Earnings Calls
728 days Fear And Celebration On Twitter as Musk Takes The Reins
730 days China Is Quietly Trying To Distance Itself From Russia
730 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
734 days Crypto Investors Won Big In 2021
734 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
735 days Food Prices Are Skyrocketing As Putin’s War Persists
737 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
738 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
741 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
742 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
742 days Two ETFs That Could Hedge Against Extreme Market Volatility
744 days Are NFTs About To Take Over Gaming?

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Is The Bull Market On Its Last Legs?

This aging bull market may…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

EUR/USD: Pushing Through The Resistance at 1.2973

By - Dec 12, 2012, 5:48 AM CST

EUR/USD has successfully tested the key support at 1.2875. The subsequent rise has broken the resistance at 1.2973 (07/12/2012 high). Another resistance is at 1.3046 (04/12/2012 low). An hourly support is at 1.2963 (intraday high).

The underlying trend is negative (see the succession of lower highs since May 2011 peak). Therefore we expect limited upside potential given the strong resistance at 1.3172 (17/09/2012 high) and the overall overbought conditions.

Daily Technical Report