Commodity Prices

Gold •766 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,759.60	+21.70	+1.25%
WTI Crude •23 hours	78.18	+0.89	+1.15%
Gasoline •23 hours	2.985	+0.047	+1.59%
Ethanol •766 days	2.161	+0.000	+0.00%
Silver •766 days	30.82	+1.16	+3.92%

Silver • 766 days	30.82	+1.16	+3.92%
Copper • 766 days	4.530	+0.111	+2.51%
Brent Crude • 22 hours	83.55	+1.06	+1.29%
Natural Gas • 23 hours	2.662	+0.022	+0.83%
Heating Oil • 23 hours	3.902	+0.020	+0.53%

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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