Commodity Prices

Gold •716 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,668.20	-39.10	-2.29%
WTI Crude •6 hours	76.54	+0.69	+0.91%
Gasoline •6 hours	3.004	+0.009	+0.31%
Ethanol •716 days	2.161	+0.000	+0.00%
Silver •716 days	30.82	+1.16	+3.92%

Silver • 716 days	30.82	+1.16	+3.92%
Copper • 716 days	4.530	+0.111	+2.51%
Brent Crude • 5 hours	80.57	+0.72	+0.90%
Natural Gas • 6 hours	3.198	-0.035	-1.08%
Heating Oil • 6 hours	3.195	+0.067	+2.15%

Headlines

1,100 days Will The ECB Continue To Hike Rates?
1,101 days Forbes: Aramco Remains Largest Company In The Middle East
1,102 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,502 days Could Crypto Overtake Traditional Investment?
1,507 days Americans Still Quitting Jobs At Record Pace
1,509 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,512 days Is The Dollar Too Strong?
1,512 days Big Tech Disappoints Investors on Earnings Calls
1,513 days Fear And Celebration On Twitter as Musk Takes The Reins
1,515 days China Is Quietly Trying To Distance Itself From Russia
1,515 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,519 days Crypto Investors Won Big In 2021
1,519 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,520 days Food Prices Are Skyrocketing As Putin’s War Persists
1,522 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,523 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,526 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,527 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,527 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,529 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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