Commodity Prices

Gold •497 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,632.60	+1.20	+0.07%
WTI Crude •11 mins	58.29	-0.20	-0.34%
Gasoline •15 mins	1.952	-0.003	-0.17%
Ethanol •497 days	2.161	+0.000	+0.00%
Silver •497 days	30.82	+1.16	+3.92%

Silver • 497 days	30.82	+1.16	+3.92%
Copper • 497 days	4.530	+0.111	+2.51%
Brent Crude • 2 hours	62.71	-2.45	-3.76%
Natural Gas • 11 mins	4.536	+0.003	+0.07%
Heating Oil • 12 mins	2.467	-0.014	-0.58%

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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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