Commodity Prices

Gold •362 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,370.40	+27.40	+2.04%
WTI Crude •10 mins	65.38	+0.27	+0.41%
Gasoline •10 mins	2.083	+0.011	+0.52%
Ethanol •362 days	2.161	+0.000	+0.00%
Silver •362 days	30.82	+1.16	+3.92%

Silver • 362 days	30.82	+1.16	+3.92%
Copper • 362 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.91	+0.17	+0.25%
Natural Gas • 10 mins	3.304	-0.152	-4.40%
Heating Oil • 10 mins	2.299	+0.023	+1.01%

Headlines

747 days Will The ECB Continue To Hike Rates?
747 days Forbes: Aramco Remains Largest Company In The Middle East
749 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,149 days Could Crypto Overtake Traditional Investment?
1,154 days Americans Still Quitting Jobs At Record Pace
1,156 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,159 days Is The Dollar Too Strong?
1,159 days Big Tech Disappoints Investors on Earnings Calls
1,160 days Fear And Celebration On Twitter as Musk Takes The Reins
1,162 days China Is Quietly Trying To Distance Itself From Russia
1,162 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,166 days Crypto Investors Won Big In 2021
1,166 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,167 days Food Prices Are Skyrocketing As Putin’s War Persists
1,169 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,170 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,173 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,174 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,174 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,176 days Are NFTs About To Take Over Gaming?

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

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: Making a Marginal New Low

By - Mar 14, 2013, 6:04 AM CDT

EUR/USD has breached its support at 1.2967 (01/03/2013 low), but the current lack of followthrough could indicate a false breakout. An hourly resistance is at 1.3000 (intraday low). However, a break of the resistance at 1.3074 (12/03/2013 low, see also the declining trendline) is needed to negate the short-term bearish bias. An hourly support is at 1.2924 (13/03/2013 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. A key support is at 1.2662 (13/11/2012 low).

Daily Technical Report