Commodity Prices

Gold •440 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,403.30	-13.90	-0.98%
WTI Crude •11 mins	64.55	+1.25	+1.97%
Gasoline •11 mins	2.042	+0.029	+1.43%
Ethanol •440 days	2.161	+0.000	+0.00%
Silver •440 days	30.82	+1.16	+3.92%

Silver • 440 days	30.82	+1.16	+3.92%
Copper • 440 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	68.48	+1.04	+1.54%
Natural Gas • 11 mins	3.102	+0.059	+1.94%
Heating Oil • 11 mins	2.395	+0.063	+2.72%

Headlines

824 days Will The ECB Continue To Hike Rates?
824 days Forbes: Aramco Remains Largest Company In The Middle East
826 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,226 days Could Crypto Overtake Traditional Investment?
1,231 days Americans Still Quitting Jobs At Record Pace
1,233 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,236 days Is The Dollar Too Strong?
1,236 days Big Tech Disappoints Investors on Earnings Calls
1,237 days Fear And Celebration On Twitter as Musk Takes The Reins
1,239 days China Is Quietly Trying To Distance Itself From Russia
1,239 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,243 days Crypto Investors Won Big In 2021
1,243 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,244 days Food Prices Are Skyrocketing As Putin’s War Persists
1,246 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,247 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,250 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,251 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,251 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,253 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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: Short-Term Double-Top Validated

By - Dec 19, 2013, 5:36 AM CST

EUR/USD has broken the support at 1.3709, validating a short-term double-top. A test of the key support at 1.3621 is expected as long as prices remain below the resistance at 1.3723 (17/12/2013 low).

In the longer term, the decline from the peak at 1.3832 (25/10/2013 high) indicates a significant exhaustion of buying interest. Coupled with overbought conditions and other nearby resistances such as the long-term declining trendline from the 2008 peak at 1.6038 (around 1.3917) and the psychological threshold at 1.4000, the upside potential seems limited.

Daily Technical Report