Commodity Prices

Gold •688 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,939.70	-25.10	-1.28%
WTI Crude •17 hours	96.60	+0.25	+0.26%
Gasoline •17 hours	3.454	+0.074	+2.20%
Ethanol •688 days	2.161	+0.000	+0.00%
Silver •688 days	30.82	+1.16	+3.92%

Silver • 688 days	30.82	+1.16	+3.92%
Copper • 688 days	4.530	+0.111	+2.51%
Brent Crude • 16 hours	103.54	+0.96	+0.94%
Natural Gas • 17 hours	2.907	-0.111	-3.68%
Heating Oil • 17 hours	3.888	+0.056	+1.47%

Headlines

1,073 days Will The ECB Continue To Hike Rates?
1,073 days Forbes: Aramco Remains Largest Company In The Middle East
1,075 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,475 days Could Crypto Overtake Traditional Investment?
1,480 days Americans Still Quitting Jobs At Record Pace
1,482 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,485 days Is The Dollar Too Strong?
1,485 days Big Tech Disappoints Investors on Earnings Calls
1,486 days Fear And Celebration On Twitter as Musk Takes The Reins
1,488 days China Is Quietly Trying To Distance Itself From Russia
1,488 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,492 days Crypto Investors Won Big In 2021
1,492 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,493 days Food Prices Are Skyrocketing As Putin’s War Persists
1,495 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,496 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,499 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,500 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,500 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,502 days Are NFTs About To Take Over Gaming?

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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

EUR/USD: Bouncing Close To Key Support Area

By - Nov 07, 2012, 5:21 AM CST

EUR/USD is bouncing near the key support at 1.2748 (see also 38.2% retracement of the rise from 1.2043 to 1.3172). Monitor the short-term resistance at 1.2894. Another horizontal resistance is at 1.3023. An hourly support is at 1.2827 (intraday high).

Even though the long-term trend is still negative (see declining trendline linking the May 2011 high with the August 2011 high), we need to see a decisive break of the support area between 1.2804 (01/10/2012 low) and 1.2748 to suggest that the rise from 1.2043 is over.

Daily Technical Report