Commodity Prices

Gold •10 mins	2,346.00	+3.50	+0.15%
Platinum •10 mins	929.40	+8.90	+0.97%
WTI Crude •11 mins	83.80	+0.23	+0.28%
Gasoline •29 mins	2.771	+0.013	+0.45%
Ethanol •6 hours	2.161	+0.000	+0.00%
Silver •10 mins	27.42	+0.07	+0.24%

Silver • 10 mins	27.42	+0.07	+0.24%
Copper • 10 mins	4.577	+0.039	+0.85%
Brent Crude • 10 mins	89.30	+0.29	+0.33%
Natural Gas • 46 mins	1.563	-0.075	-4.58%
Heating Oil • 25 mins	2.560	+0.010	+0.38%

Headlines

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

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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…

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: Support at 1.3144 is Intact

By - Dec 27, 2012, 5:48 AM CST

EUR/USD has broken the strong resistance at 1.3172 (17/09/2012 high) and has, thus far, successfully tested the hourly support at 1.3144 (17/12/2012 low). Monitor the test of the recent high at 1.3308 (19/12/2012 high).

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