Commodity Prices

Gold •701 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,798.90	-101.00	-5.32%
WTI Crude •10 mins	90.12	-2.92	-3.14%
Gasoline •11 mins	3.042	+0.004	+0.13%
Ethanol •702 days	2.161	+0.000	+0.00%
Silver •701 days	30.82	+1.16	+3.92%

Silver • 701 days	30.82	+1.16	+3.92%
Copper • 701 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	93.08	-1.95	-2.05%
Natural Gas • 11 mins	3.230	-0.106	-3.18%
Heating Oil • 11 mins	3.597	-0.077	-2.10%

Headlines

1,086 days Will The ECB Continue To Hike Rates?
1,086 days Forbes: Aramco Remains Largest Company In The Middle East
1,088 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,488 days Could Crypto Overtake Traditional Investment?
1,493 days Americans Still Quitting Jobs At Record Pace
1,495 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,498 days Is The Dollar Too Strong?
1,498 days Big Tech Disappoints Investors on Earnings Calls
1,499 days Fear And Celebration On Twitter as Musk Takes The Reins
1,501 days China Is Quietly Trying To Distance Itself From Russia
1,501 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,505 days Crypto Investors Won Big In 2021
1,505 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,506 days Food Prices Are Skyrocketing As Putin’s War Persists
1,508 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,509 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,512 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,513 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,513 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,515 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

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

EUR/USD: Break of the Hourly Support at 1.2891 Favours Further Weakness

By - Sep 26, 2012, 5:00 AM CDT

EUR/USD broke its hourly support at 1.2891 (24/09/2012 low) yesterday. A further corrective phase is favoured and should lead to a test of the support at 1.2755 (11/09/2012 low, see also 38.2% retracement from previous rise) in the short-term. Hourly resistance is at 1.2971.

The lack of a base formation or sell-off suggests that the recent Euro strength is a rebound within an underlying downtrend. The current weakness near the 38.2% retracement of the decline from May 2011 to July 2012 suggests limited short-term upside potential and the start of a new down phase.

Daily Technical Report