Commodity Prices

Gold •756 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,601.10	-1.20	-0.07%
WTI Crude •11 mins	84.54	+0.08	+0.09%
Gasoline •2 hours	3.352	-0.046	-1.34%
Ethanol •756 days	2.161	+0.000	+0.00%
Silver •756 days	30.82	+1.16	+3.92%

Silver • 756 days	30.82	+1.16	+3.92%
Copper • 756 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	90.83	+0.09	+0.10%
Natural Gas • 11 mins	2.742	+0.020	+0.73%
Heating Oil • 2 hours	4.315	-0.055	-1.26%

Headlines

1,141 days Will The ECB Continue To Hike Rates?
1,141 days Forbes: Aramco Remains Largest Company In The Middle East
1,143 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,543 days Could Crypto Overtake Traditional Investment?
1,547 days Americans Still Quitting Jobs At Record Pace
1,549 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,552 days Is The Dollar Too Strong?
1,553 days Big Tech Disappoints Investors on Earnings Calls
1,554 days Fear And Celebration On Twitter as Musk Takes The Reins
1,555 days China Is Quietly Trying To Distance Itself From Russia
1,556 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,559 days Crypto Investors Won Big In 2021
1,560 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,561 days Food Prices Are Skyrocketing As Putin’s War Persists
1,563 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,563 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,566 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,567 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,567 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,569 days Are NFTs About To Take Over Gaming?

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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