Commodity Prices

Gold •739 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,629.00	-1.10	-0.07%
WTI Crude •1 day	71.41	-0.67	-0.93%
Gasoline •1 day	2.985	-0.054	-1.78%
Ethanol •739 days	2.161	+0.000	+0.00%
Silver •739 days	30.82	+1.16	+3.92%

Silver • 739 days	30.82	+1.16	+3.92%
Copper • 739 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	76.01	-0.29	-0.38%
Natural Gas • 1 day	2.940	-0.072	-2.39%
Heating Oil • 1 day	3.553	-0.018	-0.51%

Headlines

1,123 days Will The ECB Continue To Hike Rates?
1,124 days Forbes: Aramco Remains Largest Company In The Middle East
1,125 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,525 days Could Crypto Overtake Traditional Investment?
1,530 days Americans Still Quitting Jobs At Record Pace
1,532 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,535 days Is The Dollar Too Strong?
1,535 days Big Tech Disappoints Investors on Earnings Calls
1,536 days Fear And Celebration On Twitter as Musk Takes The Reins
1,538 days China Is Quietly Trying To Distance Itself From Russia
1,538 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,542 days Crypto Investors Won Big In 2021
1,542 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,543 days Food Prices Are Skyrocketing As Putin’s War Persists
1,545 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,546 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,549 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,550 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,550 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,552 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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: Decline is Approaching First Key Support Area

By - Sep 27, 2012, 5:16 AM CDT

EUR/USD continues to weaken since its high at 1.3172 (17/09/2012). Prices are now approaching the support area near 1.2755 (11/09/2012 low, see also 38.2% retracement from previous rise and up trendline). Hourly resistance is at 1.2971 (25/09/2012).

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