Commodity Prices

Gold •485 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,580.30	-34.00	-2.11%
WTI Crude •11 mins	60.92	+0.35	+0.58%
Gasoline •11 mins	1.986	-0.017	-0.86%
Ethanol •485 days	2.161	+0.000	+0.00%
Silver •485 days	30.82	+1.16	+3.92%

Silver • 485 days	30.82	+1.16	+3.92%
Copper • 485 days	4.530	+0.111	+2.51%
Brent Crude • 13 mins	65.04	+0.04	+0.06%
Natural Gas • 11 mins	4.112	+0.156	+3.94%
Heating Oil • 11 mins	2.428	-0.032	-1.28%

Headlines

869 days Will The ECB Continue To Hike Rates?
869 days Forbes: Aramco Remains Largest Company In The Middle East
871 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,271 days Could Crypto Overtake Traditional Investment?
1,276 days Americans Still Quitting Jobs At Record Pace
1,278 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,281 days Is The Dollar Too Strong?
1,281 days Big Tech Disappoints Investors on Earnings Calls
1,282 days Fear And Celebration On Twitter as Musk Takes The Reins
1,284 days China Is Quietly Trying To Distance Itself From Russia
1,284 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,288 days Crypto Investors Won Big In 2021
1,288 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,289 days Food Prices Are Skyrocketing As Putin’s War Persists
1,291 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,292 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,295 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,296 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,296 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,298 days Are NFTs About To Take Over Gaming?

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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: Bullish Breakout at 1.2748

By - Sep 10, 2012, 4:50 AM CDT

EUR/USD has broken its strong resistance at 1.2748 (see also down trendline and rising wedge). The next resistances are given by the 200-day moving average and the 15 March low (1.3004). Hourly support at 1.2697.

Given the lack of base formation or sell-off, the current strength in EUR is seen as a rebound within an underlying downtrend. Given the current overbought conditions, we are looking at signs of weakness to initiate a new short EUR position.

Daily Technical Report