Commodity Prices

Gold •267 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,007.50	+6.90	+0.69%
WTI Crude •10 mins	69.80	-0.12	-0.17%
Gasoline •27 mins	2.246	-0.001	-0.04%
Ethanol •267 days	2.161	+0.000	+0.00%
Silver •267 days	30.82	+1.16	+3.92%

Silver • 267 days	30.82	+1.16	+3.92%
Copper • 267 days	4.530	+0.111	+2.51%
Brent Crude • 12 mins	73.92	-0.11	-0.15%
Natural Gas • 10 mins	3.922	-0.003	-0.08%
Heating Oil • 26 mins	2.281	-0.003	-0.15%

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EUR/GBP: The Growing Bearish Momentum Has Crushed The Long-Term Rising Trendline

By - Sep 03, 2013, 5:48 AM CDT

EUR/GBP has broken its long-term rising trendline, confirming an increasing bearish momentum. The support at 0.8470 (12/06/2013 low) is challenged. An hourly resistance stands at 0.8553 (30/08/2013 high).

As long as prices remain below the resistance at 0.8652, the technical configuration since the annual high at 0.8815 is viewed as a part of a larger corrective phase which should eventually decline towards the 0.8411-0.8398 (26/04/2013 low) region and possibly even lower.

Daily Technical Report