Commodity Prices

Gold •404 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,355.20	+11.70	+0.87%
WTI Crude •10 mins	64.09	+0.13	+0.20%
Gasoline •10 mins	2.085	+0.008	+0.40%
Ethanol •404 days	2.161	+0.000	+0.00%
Silver •404 days	30.82	+1.16	+3.92%

Silver • 404 days	30.82	+1.16	+3.92%
Copper • 404 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.82	+0.19	+0.29%
Natural Gas • 10 mins	2.934	-0.020	-0.68%
Heating Oil • 10 mins	2.286	-0.005	-0.22%

Headlines

789 days Will The ECB Continue To Hike Rates?
789 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
1,203 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?

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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: 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