Commodity Prices

Gold •801 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,797.60	-3.50	-0.19%
WTI Crude •1 day	100.05	-2.43	-2.37%
Gasoline •1 day	3.307	-0.086	-2.53%
Ethanol •801 days	2.161	+0.000	+0.00%
Silver •801 days	30.82	+1.16	+3.92%

Silver • 801 days	30.82	+1.16	+3.92%
Copper • 801 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	104.61	-3.02	-2.81%
Natural Gas • 1 day	2.831	-0.003	-0.11%
Heating Oil • 1 day	4.959	-0.098	-1.94%

Headlines

1,186 days Will The ECB Continue To Hike Rates?
1,186 days Forbes: Aramco Remains Largest Company In The Middle East
1,188 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,588 days Could Crypto Overtake Traditional Investment?
1,593 days Americans Still Quitting Jobs At Record Pace
1,595 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,598 days Is The Dollar Too Strong?
1,598 days Big Tech Disappoints Investors on Earnings Calls
1,599 days Fear And Celebration On Twitter as Musk Takes The Reins
1,601 days China Is Quietly Trying To Distance Itself From Russia
1,601 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,605 days Crypto Investors Won Big In 2021
1,605 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,606 days Food Prices Are Skyrocketing As Putin’s War Persists
1,608 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,609 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,612 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,613 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,613 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,615 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

Is The Bull Market On Its Last Legs?

This aging bull market may…

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: Recent Low Has Thus Far Held

By - Nov 07, 2013, 5:35 AM CST

EUR/USD has thus far successfully tested the support area defined by 1.3462 and the rising channel (see also the 38.2% retracement). An hourly resistance can be found at 1.3590 (01/11/2013 high). Another resistance stands at 1.3651 (previous support).

Today's ECB meeting should lead to increased intraday volatility.

In the longer term, the sharp decline below the support at 1.3651 from deep overbought conditions suggests that a significant top has likely been made at 1.3832 (25/10/2013 high). A decisive break of the strong support at 1.3462 (see also the rising channel) would confirm the start of a new phase of weakness. Another key support lies at 1.3105 (06/09/2013 low).

Daily Technical Report