Commodity Prices

Gold •300 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	985.80	-9.40	-0.94%
WTI Crude •10 mins	60.50	-1.55	-2.50%
Gasoline •11 mins	2.068	-0.038	-1.80%
Ethanol •300 days	2.161	+0.000	+0.00%
Silver •300 days	30.82	+1.16	+3.92%

Silver • 300 days	30.82	+1.16	+3.92%
Copper • 300 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	64.17	-1.69	-2.57%
Natural Gas • 10 mins	3.373	+0.030	+0.90%
Heating Oil • 14 mins	2.127	-0.049	-2.23%

Headlines

684 days Will The ECB Continue To Hike Rates?
684 days Forbes: Aramco Remains Largest Company In The Middle East
686 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,086 days Could Crypto Overtake Traditional Investment?
1,091 days Americans Still Quitting Jobs At Record Pace
1,093 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,096 days Is The Dollar Too Strong?
1,096 days Big Tech Disappoints Investors on Earnings Calls
1,097 days Fear And Celebration On Twitter as Musk Takes The Reins
1,099 days China Is Quietly Trying To Distance Itself From Russia
1,099 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,103 days Crypto Investors Won Big In 2021
1,103 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,104 days Food Prices Are Skyrocketing As Putin’s War Persists
1,106 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,107 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,110 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,111 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,111 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,113 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

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 Targets Psychological Level at 1.3000

By - Mar 15, 2012, 6:25 AM CDT

EUR/USD remains under pressure after resuming its sharp decline beneath key level at 1.3436 (50% Fib Oct/Jan decline) and triggering multiple reversal patterns.

The bears need to close decisively below 1.3000 (psychological support), in order to open further downside risk into 1.2630 (16 Jan swing low).

Only a confirmation back above 1.3291 (09th March high) and 1.3436/60 unlocks an extended recovery into our upside target zones at 1.3630 and 1.3650 (200-day average).

Inversely, the USD Index is holding steady after extending its latest rebound from key support at 78.25.

Expect this level to act as one of the last points of defence for a relaunch of the greenback's recovery which is still part of our bullish cycle strategy for a further 20% gain over the multi-month period.

Daily Technical Report