Commodity Prices

Gold •832 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,663.60	-7.60	-0.45%
WTI Crude •11 mins	95.45	+1.31	+1.39%
Gasoline •11 mins	3.258	+0.008	+0.23%
Ethanol •832 days	2.161	+0.000	+0.00%
Silver •832 days	30.82	+1.16	+3.92%

Silver • 832 days	30.82	+1.16	+3.92%
Copper • 832 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	106.65	+0.96	+0.91%
Natural Gas • 11 mins	3.296	+0.013	+0.40%
Heating Oil • 11 mins	4.959	+0.025	+0.50%

Headlines

1,217 days Will The ECB Continue To Hike Rates?
1,217 days Forbes: Aramco Remains Largest Company In The Middle East
1,219 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,619 days Could Crypto Overtake Traditional Investment?
1,624 days Americans Still Quitting Jobs At Record Pace
1,626 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,629 days Is The Dollar Too Strong?
1,629 days Big Tech Disappoints Investors on Earnings Calls
1,630 days Fear And Celebration On Twitter as Musk Takes The Reins
1,631 days China Is Quietly Trying To Distance Itself From Russia
1,632 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,636 days Crypto Investors Won Big In 2021
1,636 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,637 days Food Prices Are Skyrocketing As Putin’s War Persists
1,639 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,640 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,643 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,644 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,644 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,646 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Is The Bull Market On Its Last Legs?

This aging bull market may…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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: Hourly Bullish Head and Shoulders Validated

By - Feb 13, 2013, 5:50 AM CST

EUR/USD has broken the resistance at 1.3429 (08/02/2013 high), validating a short-term bullish head and shoulders with an implied target at 1.3533. Hourly resistances are at 1.3476 (12/02/2013 high) and 1.3578. An hourly support can be found at 1.3410 (intraday low, see also short-term rising trendline).

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 likely. A strong resistance is at 1.4247 (27/10/2011 high).

Daily Technical Report