Commodity Prices

Gold •441 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,398.00	+21.40	+1.55%
WTI Crude •11 mins	63.85	-0.20	-0.31%
Gasoline •11 mins	2.008	-0.021	-1.02%
Ethanol •441 days	2.161	+0.000	+0.00%
Silver •441 days	30.82	+1.16	+3.92%

Silver • 441 days	30.82	+1.16	+3.92%
Copper • 441 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	67.72	-0.23	-0.34%
Natural Gas • 11 mins	3.096	-0.004	-0.13%
Heating Oil • 11 mins	2.330	-0.025	-1.05%

Headlines

826 days Will The ECB Continue To Hike Rates?
826 days Forbes: Aramco Remains Largest Company In The Middle East
828 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,228 days Could Crypto Overtake Traditional Investment?
1,233 days Americans Still Quitting Jobs At Record Pace
1,234 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,238 days Is The Dollar Too Strong?
1,238 days Big Tech Disappoints Investors on Earnings Calls
1,239 days Fear And Celebration On Twitter as Musk Takes The Reins
1,240 days China Is Quietly Trying To Distance Itself From Russia
1,241 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,245 days Crypto Investors Won Big In 2021
1,245 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,246 days Food Prices Are Skyrocketing As Putin’s War Persists
1,248 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,248 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,252 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,253 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,253 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,255 days Are NFTs About To Take Over Gaming?

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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…

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: Making New Lows

By - Jul 03, 2013, 5:12 AM CDT

EUR/USD still exhibits a succession of lower highs. The recent new lows below the support at 1.2985 invalidate a potential base formation. Supports are now at 1.2942 and 1.2838. Hourly resistances can be found at 1.3038 (intraday high, see also the declining trendline) and 1.3103.

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 a significant top. A minimum medium-term move towards the support at 1.2797 (17/05/2013 low) is expected.

Daily Technical Report