Commodity Prices

Gold •141 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	966.40	-4.10	-0.42%
WTI Crude •10 mins	69.60	-0.50	-0.71%
Gasoline •10 mins	2.041	-0.018	-0.89%
Ethanol •141 days	2.161	+0.000	+0.00%
Silver •141 days	30.82	+1.16	+3.92%

Silver • 141 days	30.82	+1.16	+3.92%
Copper • 141 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	73.76	-0.47	-0.63%
Natural Gas • 10 mins	3.320	-0.019	-0.57%
Heating Oil • 17 mins	2.254	-0.020	-0.88%

Headlines

526 days Will The ECB Continue To Hike Rates?
526 days Forbes: Aramco Remains Largest Company In The Middle East
528 days Caltech Scientists Succesfully Beam Back Solar Power From Space
928 days Could Crypto Overtake Traditional Investment?
933 days Americans Still Quitting Jobs At Record Pace
935 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
938 days Is The Dollar Too Strong?
938 days Big Tech Disappoints Investors on Earnings Calls
939 days Fear And Celebration On Twitter as Musk Takes The Reins
941 days China Is Quietly Trying To Distance Itself From Russia
941 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
945 days Crypto Investors Won Big In 2021
945 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
946 days Food Prices Are Skyrocketing As Putin’s War Persists
948 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
949 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
952 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
953 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
953 days Two ETFs That Could Hedge Against Extreme Market Volatility
955 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: 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