Commodity Prices

Gold •315 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	973.50	-7.70	-0.78%
WTI Crude •10 mins	61.66	-1.49	-2.36%
Gasoline •10 mins	2.125	-0.045	-2.07%
Ethanol •315 days	2.161	+0.000	+0.00%
Silver •315 days	30.82	+1.16	+3.92%

Silver • 315 days	30.82	+1.16	+3.92%
Copper • 315 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	64.59	-1.50	-2.27%
Natural Gas • 10 mins	3.458	-0.034	-0.97%
Heating Oil • 10 mins	2.161	-0.045	-2.04%

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EUR/USD: Short-Term Recovery Higher Favoured

By - Jun 03, 2013, 5:33 AM CDT

EUR/USD: Short-Term Recovery Higher Favoured - MIG Bank - June 3/13

EUR/USD has broken its resistances at 1.2998 (22/02/2013 high) and is challenging the one at 1.3051. Short-term structure remains mildly bullish and while above the 1.2746 May 2013 low, scope is seen for a continuation of this near-term strength.

In the medium-term, the recent price action from 1.2746 (04/04/2013 low) is viewed as a corrective phase within a larger downtrend. The recent break of the resistance at 1.3029 (14/05/2013 high) suggests a longer horizontal consolidation before an eventual move lower.

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