Commodity Prices

Gold •646 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,065.20	-46.90	-2.22%
WTI Crude •5 hours	95.81	-2.06	-2.10%
Gasoline •5 hours	3.016	+0.015	+0.51%
Ethanol •646 days	2.161	+0.000	+0.00%
Silver •646 days	30.82	+1.16	+3.92%

Silver • 646 days	30.82	+1.16	+3.92%
Copper • 646 days	4.530	+0.111	+2.51%
Brent Crude • 4 hours	95.20	-0.72	-0.75%
Natural Gas • 5 hours	2.652	-0.018	-0.67%
Heating Oil • 5 hours	3.745	-0.192	-4.87%

Headlines

1,030 days Will The ECB Continue To Hike Rates?
1,031 days Forbes: Aramco Remains Largest Company In The Middle East
1,032 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,432 days Could Crypto Overtake Traditional Investment?
1,437 days Americans Still Quitting Jobs At Record Pace
1,439 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,442 days Is The Dollar Too Strong?
1,442 days Big Tech Disappoints Investors on Earnings Calls
1,443 days Fear And Celebration On Twitter as Musk Takes The Reins
1,445 days China Is Quietly Trying To Distance Itself From Russia
1,445 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,449 days Crypto Investors Won Big In 2021
1,449 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,450 days Food Prices Are Skyrocketing As Putin’s War Persists
1,452 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,453 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,456 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,457 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,457 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,459 days Are NFTs About To Take Over Gaming?

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

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