Commodity Prices

Gold •172 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	944.10	+7.70	+0.82%
WTI Crude •10 mins	69.17	-0.29	-0.42%
Gasoline •10 mins	1.939	-0.002	-0.12%
Ethanol •172 days	2.161	+0.000	+0.00%
Silver •172 days	30.82	+1.16	+3.92%

Silver • 172 days	30.82	+1.16	+3.92%
Copper • 172 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	72.64	-0.30	-0.41%
Natural Gas • 10 mins	3.765	+0.017	+0.45%
Heating Oil • 10 mins	2.236	+0.004	+0.18%

Headlines

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

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

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: Potential Lower High in Place?

By - Dec 04, 2013, 5:33 AM CST

EUR/USD's rise is still viewed as a short-term rebound. Yesterday's strength has not been able to move higher than the resistance at 1.3622, posting a potential lower high. However, a break of the support at 1.3490 (see also the rising trendline) is needed to confirm a resumption of selling pressures. Another resistance stands at 1.3651 (21/10/2013 low), whereas another support is at 1.3400 (21/11/2013 low).

In the longer term, the decisive break of the strong support at 1.3462 (see also the rising channel) suggests that a significant top at 1.3832 has been made and favours 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