Commodity Prices

Gold •626 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,970.50	+26.80	+1.38%
WTI Crude •1 day	98.23	+2.68	+2.80%
Gasoline •1 day	3.286	+0.159	+5.09%
Ethanol •626 days	2.161	+0.000	+0.00%
Silver •626 days	30.82	+1.16	+3.92%

Silver • 626 days	30.82	+1.16	+3.92%
Copper • 626 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	112.19	+3.54	+3.26%
Natural Gas • 1 day	3.095	-0.071	-2.24%
Heating Oil • 1 day	4.608	+0.266	+6.14%

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EUR/USD: Short-Term Corrective Phase or Medium-Term Reversal?

By - Aug 29, 2013, 6:05 AM CDT

EUR/USD is challenging the support area defined by 1.3298 and the low of its rising channel (see also the potential short-term declining channel). The short-term technical configuration is negative as long as prices remain below the resistance at 1.3345 (intraday high).

A break of the key support at 1.3190 is needed to suggest a more significant medium-term reversal.

The region between 1.3417 and the annual high is expected to see a fair degree of resistance and should likely offer a reasonable short entry opportunity in the near future.

Daily Technical Report