Commodity Prices

Gold •405 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,350.20	-3.50	-0.26%
WTI Crude •10 mins	63.15	-0.02	-0.03%
Gasoline •10 mins	2.072	-0.002	-0.10%
Ethanol •405 days	2.161	+0.000	+0.00%
Silver •405 days	30.82	+1.16	+3.92%

Silver • 405 days	30.82	+1.16	+3.92%
Copper • 405 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.18	+0.06	+0.09%
Natural Gas • 10 mins	2.792	-0.016	-0.57%
Heating Oil • 13 mins	2.244	-0.001	-0.02%

Headlines

789 days Will The ECB Continue To Hike Rates?
790 days Forbes: Aramco Remains Largest Company In The Middle East
791 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,191 days Could Crypto Overtake Traditional Investment?
1,196 days Americans Still Quitting Jobs At Record Pace
1,198 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,201 days Is The Dollar Too Strong?
1,201 days Big Tech Disappoints Investors on Earnings Calls
1,202 days Fear And Celebration On Twitter as Musk Takes The Reins
1,204 days China Is Quietly Trying To Distance Itself From Russia
1,204 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,208 days Crypto Investors Won Big In 2021
1,208 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,209 days Food Prices Are Skyrocketing As Putin’s War Persists
1,211 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,212 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,215 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,216 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,216 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,218 days Are NFTs About To Take Over Gaming?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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: Bearish Breakout at 1.3462

By - Nov 08, 2013, 5:17 AM CST

EUR/USD has broken the support area defined by 1.3462 and the rising channel (see also the 38.2% retracement), confirming that a significant top at 1.3832 has likely been made. However, yesterday's reversal suggests persistent shortterm buying interest, suggesting that a shortterm bearish flag formation is unlikely. The shortterm technical structure is negative as long as prices remain below the resistance at 1.3548. An initial resistance lies at 1.3449 (05/11/2013 low). A support is at 1.3296 (intraday low).

In the longer term, the decisive break of the strong support at 1.3462 (see also the rising channel) confirms the start of a new phase of weakness. A gradual decline towards the key support at 1.3105 (06/09/2013 low) is likely.

Daily Technical Report