Commodity Prices

Gold •461 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,626.60	-8.30	-0.51%
WTI Crude •11 mins	62.37	+0.64	+1.04%
Gasoline •11 mins	1.908	+0.014	+0.73%
Ethanol •461 days	2.161	+0.000	+0.00%
Silver •461 days	30.82	+1.16	+3.92%

Silver • 461 days	30.82	+1.16	+3.92%
Copper • 461 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	66.05	+0.60	+0.92%
Natural Gas • 11 mins	3.435	-0.063	-1.80%
Heating Oil • 11 mins	2.271	+0.005	+0.24%

Headlines

846 days Will The ECB Continue To Hike Rates?
846 days Forbes: Aramco Remains Largest Company In The Middle East
848 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,248 days Could Crypto Overtake Traditional Investment?
1,253 days Americans Still Quitting Jobs At Record Pace
1,255 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,258 days Is The Dollar Too Strong?
1,258 days Big Tech Disappoints Investors on Earnings Calls
1,259 days Fear And Celebration On Twitter as Musk Takes The Reins
1,261 days China Is Quietly Trying To Distance Itself From Russia
1,261 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,265 days Crypto Investors Won Big In 2021
1,265 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,266 days Food Prices Are Skyrocketing As Putin’s War Persists
1,268 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,269 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,272 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,273 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,273 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,275 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Is The Bull Market On Its Last Legs?

This aging bull market may…

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: 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