Commodity Prices

Gold •604 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,373.50	+133.90	+5.98%
WTI Crude •4 hours	67.02	+1.81	+2.78%
Gasoline •6 hours	2.068	+0.036	+1.77%
Ethanol •604 days	2.161	+0.000	+0.00%
Silver •604 days	30.82	+1.16	+3.92%

Silver • 604 days	30.82	+1.16	+3.92%
Copper • 604 days	4.530	+0.111	+2.51%
Brent Crude • 3 hours	72.87	+2.03	+2.87%
Natural Gas • 4 hours	2.859	+0.032	+1.13%
Heating Oil • 6 hours	2.636	+0.023	+0.88%

Headlines

988 days Will The ECB Continue To Hike Rates?
989 days Forbes: Aramco Remains Largest Company In The Middle East
990 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,390 days Could Crypto Overtake Traditional Investment?
1,395 days Americans Still Quitting Jobs At Record Pace
1,397 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,400 days Is The Dollar Too Strong?
1,400 days Big Tech Disappoints Investors on Earnings Calls
1,401 days Fear And Celebration On Twitter as Musk Takes The Reins
1,403 days China Is Quietly Trying To Distance Itself From Russia
1,403 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,407 days Crypto Investors Won Big In 2021
1,407 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,408 days Food Prices Are Skyrocketing As Putin’s War Persists
1,410 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,411 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,414 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,415 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,415 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,417 days Are NFTs About To Take Over Gaming?

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Lending: The Good, Bad, And Ugly

Aristotle said, “The most hated…

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: Moving Sideways

By - Oct 17, 2013, 6:43 AM CDT

EUR/USD is moving within its horizontal range defined by the key support at 1.3462 and the resistance at 1.3607. A break of the initial resistance at 1.3568 (16/10/2013 high) would invalidate the recent succession of lower highs and improve the short-term technical configuration. Another resistance is at 1.3607.

In the longer term, a move towards the resistance at 1.3711 (01/02/2013 high) is expected as long as the support at 1.3462 holds. However, the increasing overbought conditions and the other key resistance given by the longterm declining trendline (around 1.4000) should put a cap to the medium-term upside potential.

Daily Technical Report