Commodity Prices

Gold •841 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,571.10	-5.80	-0.37%
WTI Crude •11 mins	100.52	+1.05	+1.06%
Gasoline •1 hour	3.181	+0.004	+0.13%
Ethanol •841 days	2.161	+0.000	+0.00%
Silver •841 days	30.82	+1.16	+3.92%

Silver • 841 days	30.82	+1.16	+3.92%
Copper • 841 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	114.09	+0.92	+0.81%
Natural Gas • 11 mins	2.732	-0.064	-2.29%
Heating Oil • 39 mins	4.991	+0.058	+1.18%

Headlines

1,226 days Will The ECB Continue To Hike Rates?
1,226 days Forbes: Aramco Remains Largest Company In The Middle East
1,228 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,628 days Could Crypto Overtake Traditional Investment?
1,632 days Americans Still Quitting Jobs At Record Pace
1,634 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,637 days Is The Dollar Too Strong?
1,638 days Big Tech Disappoints Investors on Earnings Calls
1,639 days Fear And Celebration On Twitter as Musk Takes The Reins
1,640 days China Is Quietly Trying To Distance Itself From Russia
1,641 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,644 days Crypto Investors Won Big In 2021
1,645 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,646 days Food Prices Are Skyrocketing As Putin’s War Persists
1,648 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,648 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,651 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,652 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,652 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,654 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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: Break Back Over 1.3345 Anticipated

By - Aug 05, 2013, 5:57 AM CDT

EUR/USD continues to look bullish in the short and medium-term time frames. With this in mind a retest of the recent high at 1.3345 (31/07/2013) is anticipated. However, if a break under 1.3166 (25/07/2013 low) can be realised then this would lead us to change our current bullish bias.

Should further upside be seen, we do expect to see strong resistance close to 1.3417, thus 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