Commodity Prices

Gold •373 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,469.90	+57.40	+4.06%
WTI Crude •11 hours	68.45	+1.88	+2.82%
Gasoline •11 hours	2.187	+0.035	+1.61%
Ethanol •373 days	2.161	+0.000	+0.00%
Silver •373 days	30.82	+1.16	+3.92%

Silver • 373 days	30.82	+1.16	+3.92%
Copper • 373 days	4.530	+0.111	+2.51%
Brent Crude • 10 hours	70.36	+1.72	+2.51%
Natural Gas • 11 hours	3.314	-0.023	-0.69%
Heating Oil • 11 hours	2.447	+0.064	+2.68%

Headlines

758 days Will The ECB Continue To Hike Rates?
758 days Forbes: Aramco Remains Largest Company In The Middle East
760 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,160 days Could Crypto Overtake Traditional Investment?
1,164 days Americans Still Quitting Jobs At Record Pace
1,166 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,169 days Is The Dollar Too Strong?
1,170 days Big Tech Disappoints Investors on Earnings Calls
1,171 days Fear And Celebration On Twitter as Musk Takes The Reins
1,172 days China Is Quietly Trying To Distance Itself From Russia
1,173 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,177 days Crypto Investors Won Big In 2021
1,177 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,178 days Food Prices Are Skyrocketing As Putin’s War Persists
1,180 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,180 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,184 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,184 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,185 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,187 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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: Meets Strong Resistance Close to 1.330

By - Aug 01, 2013, 5:23 AM CDT

EUR/USD has met strong resistance after testing above the 1.3300 level. Yesterday's push higher tested above falling daily trend-line resistance, potentially leaving a false break higher. Supports are at 1.3164 (23/07/2013 low) and 1.3067 (18/07/2013 low). However, a break over yesterday's high at 1.3345 will open up a return to 1.3417 (19/06/2013 high).

Short-term oscillators are approaching overbought conditions. Coupled with the significant resistance at 1.3417, the short-term upside potential is likely limited.

In the longer-term, EUR/USD does not exhibit a clear trend. As we eventually expect to see prices moving below the key support at 1.2662 (13/11/2012 low), we continue to favour a medium-term bearish bias.

Daily Technical Report