Commodity Prices

Gold •141 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	969.10	-1.40	-0.14%
WTI Crude •10 mins	70.26	+0.16	+0.23%
Gasoline •29 mins	2.055	-0.004	-0.21%
Ethanol •141 days	2.161	+0.000	+0.00%
Silver •141 days	30.82	+1.16	+3.92%

Silver • 141 days	30.82	+1.16	+3.92%
Copper • 141 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.38	+0.15	+0.20%
Natural Gas • 11 mins	3.419	+0.080	+2.40%
Heating Oil • 20 mins	2.273	-0.001	-0.06%

Headlines

525 days Will The ECB Continue To Hike Rates?
526 days Forbes: Aramco Remains Largest Company In The Middle East
527 days Caltech Scientists Succesfully Beam Back Solar Power From Space
927 days Could Crypto Overtake Traditional Investment?
932 days Americans Still Quitting Jobs At Record Pace
934 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
937 days Is The Dollar Too Strong?
937 days Big Tech Disappoints Investors on Earnings Calls
938 days Fear And Celebration On Twitter as Musk Takes The Reins
940 days China Is Quietly Trying To Distance Itself From Russia
940 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
944 days Crypto Investors Won Big In 2021
944 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
945 days Food Prices Are Skyrocketing As Putin’s War Persists
947 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
948 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
951 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
952 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
952 days Two ETFs That Could Hedge Against Extreme Market Volatility
954 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: 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