Commodity Prices

Gold •679 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,159.90	-37.40	-1.70%
WTI Crude •1 hour	101.03	-1.15	-1.13%
Gasoline •1 hour	3.610	-0.088	-2.37%
Ethanol •679 days	2.161	+0.000	+0.00%
Silver •679 days	30.82	+1.16	+3.92%

Silver • 679 days	30.82	+1.16	+3.92%
Copper • 679 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	105.72	-2.05	-1.90%
Natural Gas • 1 hour	2.855	+0.012	+0.42%
Heating Oil • 1 hour	3.950	-0.209	-5.03%

Headlines

1,063 days Will The ECB Continue To Hike Rates?
1,064 days Forbes: Aramco Remains Largest Company In The Middle East
1,065 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,465 days Could Crypto Overtake Traditional Investment?
1,470 days Americans Still Quitting Jobs At Record Pace
1,472 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,475 days Is The Dollar Too Strong?
1,475 days Big Tech Disappoints Investors on Earnings Calls
1,476 days Fear And Celebration On Twitter as Musk Takes The Reins
1,478 days China Is Quietly Trying To Distance Itself From Russia
1,478 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,482 days Crypto Investors Won Big In 2021
1,482 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,483 days Food Prices Are Skyrocketing As Putin’s War Persists
1,485 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,486 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,489 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,490 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,490 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,492 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

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: Short-Term Bullish Momentum is Fading

By - Dec 21, 2012, 5:09 AM CST

EUR/USD has broken the strong resistance at 1.3172 (17/09/2012 high). However, the intraday bearish reversal made on 19 December close to the resistance at 1.3284 suggests a weakening short-term momentum. Hourly supports are at 1.3144 (17/12/2012 low) and 1.3041 (13/12/2012 low).

The higher low in July 2012 (compared to July 2010) and the recent new high above the strong resistance at 1.3172 suggest an improvement of the underlying trend. However, we still expect a phase of weakness in the next few weeks given the general overbought conditions. A strong resistance is at 1.3487 (24/02/2012 high).

Daily Technical Report