Commodity Prices

Gold •802 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,776.00	-21.60	-1.20%
WTI Crude •11 mins	103.31	+3.26	+3.26%
Gasoline •11 mins	3.388	+0.081	+2.44%
Ethanol •802 days	2.161	+0.000	+0.00%
Silver •802 days	30.82	+1.16	+3.92%

Silver • 802 days	30.82	+1.16	+3.92%
Copper • 802 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	107.93	+3.32	+3.17%
Natural Gas • 11 mins	2.902	+0.071	+2.51%
Heating Oil • 11 mins	5.050	+0.091	+1.84%

Headlines

1,187 days Will The ECB Continue To Hike Rates?
1,187 days Forbes: Aramco Remains Largest Company In The Middle East
1,189 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,589 days Could Crypto Overtake Traditional Investment?
1,594 days Americans Still Quitting Jobs At Record Pace
1,595 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,599 days Is The Dollar Too Strong?
1,599 days Big Tech Disappoints Investors on Earnings Calls
1,600 days Fear And Celebration On Twitter as Musk Takes The Reins
1,601 days China Is Quietly Trying To Distance Itself From Russia
1,602 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,606 days Crypto Investors Won Big In 2021
1,606 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,607 days Food Prices Are Skyrocketing As Putin’s War Persists
1,609 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,609 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,613 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,614 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,614 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,616 days Are NFTs About To Take Over Gaming?

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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