Commodity Prices

Gold •10 mins	2,342.10	-4.30	-0.18%
Platinum •10 mins	922.40	-8.90	-0.96%
WTI Crude •10 mins	83.20	+1.30	+1.59%
Gasoline •10 mins	2.728	+0.042	+1.58%
Ethanol •20 hours	2.161	+0.000	+0.00%
Silver •10 mins	27.36	+0.12	+0.42%

Silver • 10 mins	27.36	+0.12	+0.42%
Copper • 10 mins	4.432	-0.044	-0.98%
Brent Crude • 10 mins	88.24	+1.24	+1.43%
Natural Gas • 10 mins	1.792	+0.001	+0.06%
Heating Oil • 10 mins	2.586	+0.026	+1.02%

Headlines

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

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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: A New Bearish Phase Has Likely Started

By - Jun 20, 2013, 5:56 AM CDT

EUR/USD declined yesterday. Supports at 1.3326 (18/06/2013 low, see also the rising trendlines) and 1.3266 have been broken. Given the short-term overbought conditions, a new bearish phase has likely started. Supports are at 1.3178 and 1.3042. An hourly resistance can be found at 1.3326 (18/06/2013 low).

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 high at 1.3417 (19/06/2013 high) following Bernanke's comments is likely a significant top.

Daily Technical Report