Commodity Prices

Gold •373 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,469.90	+57.40	+4.06%
WTI Crude •2 hours	68.45	+1.88	+2.82%
Gasoline •2 hours	2.187	+0.035	+1.61%
Ethanol •373 days	2.161	+0.000	+0.00%
Silver •373 days	30.82	+1.16	+3.92%

Silver • 373 days	30.82	+1.16	+3.92%
Copper • 373 days	4.530	+0.111	+2.51%
Brent Crude • 46 mins	70.36	+1.72	+2.51%
Natural Gas • 2 hours	3.314	-0.023	-0.69%
Heating Oil • 2 hours	2.447	+0.064	+2.68%

Headlines

757 days Will The ECB Continue To Hike Rates?
758 days Forbes: Aramco Remains Largest Company In The Middle East
759 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,159 days Could Crypto Overtake Traditional Investment?
1,164 days Americans Still Quitting Jobs At Record Pace
1,166 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,169 days Is The Dollar Too Strong?
1,169 days Big Tech Disappoints Investors on Earnings Calls
1,170 days Fear And Celebration On Twitter as Musk Takes The Reins
1,172 days China Is Quietly Trying To Distance Itself From Russia
1,172 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,176 days Crypto Investors Won Big In 2021
1,176 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,177 days Food Prices Are Skyrocketing As Putin’s War Persists
1,179 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,180 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,183 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,184 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,184 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,186 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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: Testing the 200 Day Moving Average and the Short-Term Up Trendline

By - Oct 01, 2012, 5:17 AM CDT

EUR/USD failed to break its hourly resistance at 1.2971 (25/09/2012) last Friday. It is now testing again its 200 day moving average and the shortterm up trendline. Key horizontal support at 1.2755 (11/09/2012 low).

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