Commodity Prices

Gold •134 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	946.50	+2.50	+0.26%
WTI Crude •10 mins	68.29	-0.41	-0.60%
Gasoline •12 mins	1.968	-0.013	-0.67%
Ethanol •134 days	2.161	+0.000	+0.00%
Silver •134 days	30.82	+1.16	+3.92%

Silver • 134 days	30.82	+1.16	+3.92%
Copper • 134 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	72.13	-0.43	-0.59%
Natural Gas • 11 mins	2.767	-0.018	-0.65%
Heating Oil • 13 mins	2.199	-0.014	-0.61%

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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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