Commodity Prices

Gold •732 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,644.40	+16.30	+1.00%
WTI Crude •11 mins	68.61	-0.08	-0.12%
Gasoline •12 mins	2.951	+0.033	+1.14%
Ethanol •732 days	2.161	+0.000	+0.00%
Silver •732 days	30.82	+1.16	+3.92%

Silver • 732 days	30.82	+1.16	+3.92%
Copper • 732 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	71.87	-0.25	-0.35%
Natural Gas • 11 mins	3.175	-0.021	-0.66%
Heating Oil • 11 mins	3.270	+0.088	+2.76%

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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.

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