Commodity Prices

Gold •421 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,349.30	-12.40	-0.91%
WTI Crude •11 mins	64.35	-0.25	-0.39%
Gasoline •12 hours	2.199	+0.050	+2.34%
Ethanol •421 days	2.161	+0.000	+0.00%
Silver •421 days	30.82	+1.16	+3.92%

Silver • 421 days	30.82	+1.16	+3.92%
Copper • 421 days	4.530	+0.111	+2.51%
Brent Crude • 14 mins	68.19	-0.43	-0.63%
Natural Gas • 11 mins	2.982	+0.038	+1.29%
Heating Oil • 2 hours	2.281	-0.029	-1.24%

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EUR/USD: Yesterday's Bullish Intraday Reversal is Short-Term Positive

By - Apr 05, 2013, 5:07 AM CDT

EUR/USD has broken to the upside out of its recent base formation between 1.2751 and 1.2890. Further short-term strength is favoured. Resistances can be found at 1.2949 (04/04/2013 high) and 1.3048 (25/03/2013 high). An hourly support is at 1.2864 (03/04/2013 high).

In the longer-term, the succession of lower highs since 1 February and the recent new lows below the key support at 1.2877 (07/12/2012 low, see also 200 day moving average) suggest that the rise from July 2012 has made its top at 1.3711. A key resistance is now at 1.3162 (28/02/2013 high). Key supports are at 1.2662 (13/11/2012 low) and 1.2043 (24/07/2012 low).

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