Commodity Prices

Gold •273 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	984.20	-11.00	-1.11%
WTI Crude •10 mins	69.47	-2.24	-3.12%
Gasoline •10 mins	2.232	-0.099	-4.23%
Ethanol •273 days	2.161	+0.000	+0.00%
Silver •273 days	30.82	+1.16	+3.92%

Silver • 273 days	30.82	+1.16	+3.92%
Copper • 273 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	72.73	-2.22	-2.96%
Natural Gas • 10 mins	4.022	-0.033	-0.81%
Heating Oil • 10 mins	2.231	-0.091	-3.91%

Headlines

658 days Will The ECB Continue To Hike Rates?
658 days Forbes: Aramco Remains Largest Company In The Middle East
660 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,060 days Could Crypto Overtake Traditional Investment?
1,064 days Americans Still Quitting Jobs At Record Pace
1,066 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,069 days Is The Dollar Too Strong?
1,070 days Big Tech Disappoints Investors on Earnings Calls
1,071 days Fear And Celebration On Twitter as Musk Takes The Reins
1,072 days China Is Quietly Trying To Distance Itself From Russia
1,073 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,077 days Crypto Investors Won Big In 2021
1,077 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,078 days Food Prices Are Skyrocketing As Putin’s War Persists
1,080 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,080 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,084 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,084 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,085 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,087 days Are NFTs About To Take Over Gaming?

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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 - Return to Channel Resistance Expected

By - Mar 01, 2012, 5:49 AM CST

EUR/USD has seen a pullback within the confines of a rising hourly channel. Support is anticipated close to current levels for a further attempt at channel resistance.

The move over 1.3322 should be the trigger for further gains going forward, with support at 1.3140/1.3322 (weekly gap/old swing high) seen holding for an attack on 1.3510/1.3524 (reaction high/channel resistance) ahead of the 200 day moving average, currently at 1.3724.

Settlement below 1.3187 would suggest stalling upside momentum, while loss of 1.2976/1.3058 (reaction low/channel support) would suggest that the rebound from 1.2624 was corrective, threatening a breakdown towards 1.2879 ahead of the major swing low at 1.2624 initially.

Daily Technical Report