Commodity Prices

Gold •356 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,330.20	+8.00	+0.61%
WTI Crude •10 mins	65.22	+0.85	+1.32%
Gasoline •10 mins	2.114	+0.029	+1.38%
Ethanol •356 days	2.161	+0.000	+0.00%
Silver •356 days	30.82	+1.16	+3.92%

Silver • 356 days	30.82	+1.16	+3.92%
Copper • 356 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	67.97	+0.83	+1.24%
Natural Gas • 37 mins	3.571	+0.034	+0.96%
Heating Oil • 14 mins	2.320	+0.035	+1.52%

Headlines

741 days Will The ECB Continue To Hike Rates?
741 days Forbes: Aramco Remains Largest Company In The Middle East
743 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,143 days Could Crypto Overtake Traditional Investment?
1,147 days Americans Still Quitting Jobs At Record Pace
1,149 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,152 days Is The Dollar Too Strong?
1,153 days Big Tech Disappoints Investors on Earnings Calls
1,154 days Fear And Celebration On Twitter as Musk Takes The Reins
1,155 days China Is Quietly Trying To Distance Itself From Russia
1,156 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,159 days Crypto Investors Won Big In 2021
1,160 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,161 days Food Prices Are Skyrocketing As Putin’s War Persists
1,163 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,163 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,166 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,167 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,167 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,169 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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: Break Under 1.3459 Suggests a Larger Corrective Phase

By - Feb 08, 2013, 5:27 AM CST

EUR/USD has failed to hold over 1.3459. This now suggests scope for a larger corrective phase lower.

We would need to see a break under 1.3127 to warn that the rising trend from 1.2662 is over. Also support would be expected close to rising trendline resistance from 1.2662, currently near 1.3220.

In the bigger multi-week time frame we note that the higher low in July 2012 (compared to July 2010) and the recent new high above the strong resistance at 1.3487 (24/02/2012 high) indicates an improvement in the underlying trend. A move towards 1.3791 (measured move implied by the 1.2043 to 1.3172 rise from the retracement at 1.2662) remains possible. A strong resistance is at 1.4247 (27/10/2011 high).

Daily Technical Report