Commodity Prices

Gold •294 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	978.70	+16.50	+1.71%
WTI Crude •10 mins	62.37	-1.30	-2.04%
Gasoline •24 mins	2.081	-0.018	-0.88%
Ethanol •294 days	2.161	+0.000	+0.00%
Silver •294 days	30.82	+1.16	+3.92%

Silver • 294 days	30.82	+1.16	+3.92%
Copper • 294 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.22	-1.22	-1.81%
Natural Gas • 10 mins	3.003	-0.004	-0.13%
Heating Oil • 10 mins	2.128	-0.021	-0.95%

Headlines

678 days Will The ECB Continue To Hike Rates?
679 days Forbes: Aramco Remains Largest Company In The Middle East
680 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,080 days Could Crypto Overtake Traditional Investment?
1,085 days Americans Still Quitting Jobs At Record Pace
1,087 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,090 days Is The Dollar Too Strong?
1,090 days Big Tech Disappoints Investors on Earnings Calls
1,091 days Fear And Celebration On Twitter as Musk Takes The Reins
1,093 days China Is Quietly Trying To Distance Itself From Russia
1,093 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,097 days Crypto Investors Won Big In 2021
1,097 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,098 days Food Prices Are Skyrocketing As Putin’s War Persists
1,100 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,101 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,104 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,105 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,105 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,107 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

How Millennials Are Reshaping Real Estate

The real estate market is…

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