Commodity Prices

Gold •504 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,561.50	+4.70	+0.30%
WTI Crude •11 mins	59.45	+0.20	+0.34%
Gasoline •16 mins	1.939	+0.007	+0.35%
Ethanol •504 days	2.161	+0.000	+0.00%
Silver •504 days	30.82	+1.16	+3.92%

Silver • 504 days	30.82	+1.16	+3.92%
Copper • 504 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	63.72	+0.21	+0.33%
Natural Gas • 12 mins	4.558	+0.008	+0.18%
Heating Oil • 13 mins	2.686	+0.050	+1.90%

Headlines

889 days Will The ECB Continue To Hike Rates?
889 days Forbes: Aramco Remains Largest Company In The Middle East
891 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,291 days Could Crypto Overtake Traditional Investment?
1,295 days Americans Still Quitting Jobs At Record Pace
1,297 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,300 days Is The Dollar Too Strong?
1,301 days Big Tech Disappoints Investors on Earnings Calls
1,302 days Fear And Celebration On Twitter as Musk Takes The Reins
1,303 days China Is Quietly Trying To Distance Itself From Russia
1,304 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,307 days Crypto Investors Won Big In 2021
1,308 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,308 days Food Prices Are Skyrocketing As Putin’s War Persists
1,311 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,311 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,314 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,315 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,315 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,317 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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: Nearing a Key Resistance Area

By - Apr 11, 2013, 5:38 AM CDT

EUR/USD is near the key resistance area defined by 1.3107 (15/03/2013 high, see also 38.2% retracement of the decline from 1.3711) and 1.3162 (28/02/2013 high). Hourly supports are at 1.3005 (09/04/2013 low) and 1.2962 (08/04/2013 low).

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. Key resistances are at 1.3162 (28/02/2013 high) and 1.3319 (25/02/2013 high). Key supports are at 1.2662 (13/11/2012 low) and 1.2043 (24/07/2012 low).

Daily Technical Report