Commodity Prices

Gold •384 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,484.00	+2.00	+0.13%
WTI Crude •10 mins	65.59	+0.28	+0.43%
Gasoline •15 mins	2.103	+0.001	+0.06%
Ethanol •384 days	2.161	+0.000	+0.00%
Silver •384 days	30.82	+1.16	+3.92%

Silver • 384 days	30.82	+1.16	+3.92%
Copper • 384 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	68.90	+0.31	+0.45%
Natural Gas • 10 mins	3.252	-0.104	-3.10%
Heating Oil • 18 mins	2.443	-0.009	-0.35%

Headlines

769 days Will The ECB Continue To Hike Rates?
769 days Forbes: Aramco Remains Largest Company In The Middle East
771 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,171 days Could Crypto Overtake Traditional Investment?
1,175 days Americans Still Quitting Jobs At Record Pace
1,177 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,180 days Is The Dollar Too Strong?
1,181 days Big Tech Disappoints Investors on Earnings Calls
1,182 days Fear And Celebration On Twitter as Musk Takes The Reins
1,183 days China Is Quietly Trying To Distance Itself From Russia
1,184 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,187 days Crypto Investors Won Big In 2021
1,188 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,189 days Food Prices Are Skyrocketing As Putin’s War Persists
1,191 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,191 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,194 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,195 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,195 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,197 days Are NFTs About To Take Over Gaming?

Is The Bull Market On Its Last Legs?

This aging bull market may…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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

Euro Capped Under Key Level at 1.3460

By - Apr 03, 2012, 5:56 AM CDT

EUR/USDâ€™s latest mid-March rebound is capped under the key level at 1.3460, while also being weighed down by a renewed DeMark™ exhaustion signal.

Only a sustained daily close back above 1.3436/60 unlocks an extended recovery into our upside target zone at 1.3593 (200-day average).

Meanwhile, the bears need to close decisively below 1.3140, then 1.3000 (psychological support), in order to activate an important multi-month reversal pattern into 1.2630 (16 Jan swing low).

Inversely, the USD Index has temporarily dipped lower beneath key support at 79.07 (08 March low), with next support at 78.10.

Expect these levels to act as one of the last points of defence for a re-launch of the greenbackâ€™s recovery which is still part of the bullish cycle into 80.73 (15th March high) and 81.78 (13th Jan swing/12 month high).

Daily Technical Report