Commodity Prices

Gold •401 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,339.60	-14.60	-1.08%
WTI Crude •4 hours	63.88	+0.00	+0.00%
Gasoline •4 hours	2.086	+0.009	+0.41%
Ethanol •401 days	2.161	+0.000	+0.00%
Silver •401 days	30.82	+1.16	+3.92%

Silver • 401 days	30.82	+1.16	+3.92%
Copper • 401 days	4.530	+0.111	+2.51%
Brent Crude • 3 hours	66.59	+0.16	+0.24%
Natural Gas • 4 hours	2.990	-0.077	-2.51%
Heating Oil • 4 hours	2.279	+0.013	+0.55%

Headlines

785 days Will The ECB Continue To Hike Rates?
786 days Forbes: Aramco Remains Largest Company In The Middle East
787 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,187 days Could Crypto Overtake Traditional Investment?
1,192 days Americans Still Quitting Jobs At Record Pace
1,194 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,197 days Is The Dollar Too Strong?
1,197 days Big Tech Disappoints Investors on Earnings Calls
1,198 days Fear And Celebration On Twitter as Musk Takes The Reins
1,200 days China Is Quietly Trying To Distance Itself From Russia
1,200 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,204 days Crypto Investors Won Big In 2021
1,204 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,205 days Food Prices Are Skyrocketing As Putin’s War Persists
1,207 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,208 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,211 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,212 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,212 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,214 days Are NFTs About To Take Over Gaming?

Is The Bull Market On Its Last Legs?

This aging bull market may…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around 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: Weak Rebound Thus Far

By - Mar 06, 2013, 5:21 AM CST

EUR/USD has thus far successfully tested its key support at 1.2998 (04/01/2013 low) on a daily close basis. However, it remains under the negative influence of its declining trendline. Hourly resistances can be found at 1.3101 (01/03/2013 high) and 1.3162 (28/02/2013 high). Monitor the support implied by the recent low at 1.2967 (01/03/2013low).

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