Commodity Prices

Gold •832 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,671.20	+0.00	+0.00%
WTI Crude •10 mins	94.59	+0.45	+0.48%
Gasoline •13 mins	3.248	-0.002	-0.07%
Ethanol •832 days	2.161	+0.000	+0.00%
Silver •832 days	30.82	+1.16	+3.92%

Silver • 832 days	30.82	+1.16	+3.92%
Copper • 832 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	106.19	+0.50	+0.47%
Natural Gas • 11 mins	3.320	+0.037	+1.13%
Heating Oil • 11 mins	4.948	+0.014	+0.28%

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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.

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