Commodity Prices

Gold •294 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	978.20	+16.00	+1.66%
WTI Crude •10 mins	62.18	-1.49	-2.34%
Gasoline •12 mins	2.078	-0.022	-1.03%
Ethanol •294 days	2.161	+0.000	+0.00%
Silver •294 days	30.82	+1.16	+3.92%

Silver • 294 days	30.82	+1.16	+3.92%
Copper • 294 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.03	-1.41	-2.09%
Natural Gas • 10 mins	3.004	-0.003	-0.10%
Heating Oil • 20 mins	2.123	-0.026	-1.20%

Headlines

678 days Will The ECB Continue To Hike Rates?
678 days Forbes: Aramco Remains Largest Company In The Middle East
680 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,080 days Could Crypto Overtake Traditional Investment?
1,085 days Americans Still Quitting Jobs At Record Pace
1,087 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,090 days Is The Dollar Too Strong?
1,090 days Big Tech Disappoints Investors on Earnings Calls
1,091 days Fear And Celebration On Twitter as Musk Takes The Reins
1,093 days China Is Quietly Trying To Distance Itself From Russia
1,093 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,097 days Crypto Investors Won Big In 2021
1,097 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,098 days Food Prices Are Skyrocketing As Putin’s War Persists
1,100 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,101 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,104 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,105 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,105 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,107 days Are NFTs About To Take Over Gaming?

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Trader Compares Current Market Environment To 2007

It’s a mistake to view…

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