Commodity Prices

Gold •234 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	987.70	-9.50	-0.95%
WTI Crude •1 day	70.40	-2.08	-2.87%
Gasoline •1 day	2.027	-0.060	-2.87%
Ethanol •234 days	2.161	+0.000	+0.00%
Silver •234 days	30.82	+1.16	+3.92%

Silver • 234 days	30.82	+1.16	+3.92%
Copper • 234 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	74.43	-2.05	-2.68%
Natural Gas • 1 day	4.234	+0.082	+1.97%
Heating Oil • 1 day	2.432	-0.071	-2.84%

Headlines

619 days Will The ECB Continue To Hike Rates?
619 days Forbes: Aramco Remains Largest Company In The Middle East
621 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,021 days Could Crypto Overtake Traditional Investment?
1,025 days Americans Still Quitting Jobs At Record Pace
1,027 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,030 days Is The Dollar Too Strong?
1,031 days Big Tech Disappoints Investors on Earnings Calls
1,032 days Fear And Celebration On Twitter as Musk Takes The Reins
1,033 days China Is Quietly Trying To Distance Itself From Russia
1,034 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,037 days Crypto Investors Won Big In 2021
1,038 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,039 days Food Prices Are Skyrocketing As Putin’s War Persists
1,041 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,041 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,044 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,045 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,045 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,047 days Are NFTs About To Take Over Gaming?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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: Monitor The Test of The Support at 1.2998

By - Mar 04, 2013, 6:06 AM CST

EUR/USD has remained weak since the break of its significant support at 1.3257 (16/01/2013 low, see also the rising trendline). Monitor the test of the key support at 1.2998 (04/01/2013 low). An hourly resistance can be found at 1.3162 (28/02/2013 low). Another support is at 1.2877 (07/12/2012 low).

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 decisive break of the support at 1.2998 (04/01/2013 low) would open the way for a medium-term decline toward the strong support at 1.2662 (13/11/2012 low).

Daily Technical Report