Commodity Prices

Gold •273 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	964.20	-31.00	-3.11%
WTI Crude •10 mins	67.54	-4.17	-5.82%
Gasoline •10 mins	2.182	-0.149	-6.41%
Ethanol •273 days	2.161	+0.000	+0.00%
Silver •273 days	30.82	+1.16	+3.92%

Silver • 273 days	30.82	+1.16	+3.92%
Copper • 273 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	70.84	-4.11	-5.48%
Natural Gas • 10 mins	4.120	+0.065	+1.60%
Heating Oil • 10 mins	2.186	-0.136	-5.87%

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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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