Commodity Prices

Gold •316 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	989.10	-6.30	-0.63%
WTI Crude •10 mins	61.37	-0.25	-0.41%
Gasoline •10 mins	2.125	-0.009	-0.44%
Ethanol •316 days	2.161	+0.000	+0.00%
Silver •316 days	30.82	+1.16	+3.92%

Silver • 316 days	30.82	+1.16	+3.92%
Copper • 316 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	64.31	-0.22	-0.34%
Natural Gas • 10 mins	3.356	-0.006	-0.18%
Heating Oil • 10 mins	2.155	-0.011	-0.51%

Headlines

701 days Will The ECB Continue To Hike Rates?
701 days Forbes: Aramco Remains Largest Company In The Middle East
703 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,103 days Could Crypto Overtake Traditional Investment?
1,107 days Americans Still Quitting Jobs At Record Pace
1,109 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,112 days Is The Dollar Too Strong?
1,113 days Big Tech Disappoints Investors on Earnings Calls
1,114 days Fear And Celebration On Twitter as Musk Takes The Reins
1,115 days China Is Quietly Trying To Distance Itself From Russia
1,116 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,120 days Crypto Investors Won Big In 2021
1,120 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,121 days Food Prices Are Skyrocketing As Putin’s War Persists
1,123 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,123 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,127 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,127 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,127 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,130 days Are NFTs About To Take Over Gaming?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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 1.2998 Has Held Thus Far

By - Feb 28, 2013, 5:09 AM CST

EUR/USD has broken a significant support at 1.3257 (16/01/2013 low, see also the rising trendline). However, the key support at 1.2998 (04/01/2013 low) has thus far held. The hourly resistance at 1.3145 (22/02/2013 low) is challenged. Another resistance is at 1.3319 (25/02/2013 high).

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. However, a failure to break the resistance at 1.3319 would favour a bearish head and shoulders formation.

Daily Technical Report