Commodity Prices

Gold •834 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,648.90	+27.40	+1.69%
WTI Crude •11 mins	97.23	-0.74	-0.76%
Gasoline •15 mins	3.146	-0.034	-1.06%
Ethanol •834 days	2.161	+0.000	+0.00%
Silver •834 days	30.82	+1.16	+3.92%

Silver • 834 days	30.82	+1.16	+3.92%
Copper • 834 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	105.29	-0.63	-0.59%
Natural Gas • 12 mins	3.221	-0.015	-0.46%
Heating Oil • 19 mins	4.770	-0.076	-1.56%

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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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