Commodity Prices

Gold •373 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,469.90	+57.40	+4.06%
WTI Crude •11 hours	68.45	+1.88	+2.82%
Gasoline •11 hours	2.187	+0.035	+1.61%
Ethanol •373 days	2.161	+0.000	+0.00%
Silver •373 days	30.82	+1.16	+3.92%

Silver • 373 days	30.82	+1.16	+3.92%
Copper • 373 days	4.530	+0.111	+2.51%
Brent Crude • 10 hours	70.36	+1.72	+2.51%
Natural Gas • 11 hours	3.314	-0.023	-0.69%
Heating Oil • 11 hours	2.447	+0.064	+2.68%

Headlines

758 days Will The ECB Continue To Hike Rates?
758 days Forbes: Aramco Remains Largest Company In The Middle East
760 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,160 days Could Crypto Overtake Traditional Investment?
1,164 days Americans Still Quitting Jobs At Record Pace
1,166 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,169 days Is The Dollar Too Strong?
1,170 days Big Tech Disappoints Investors on Earnings Calls
1,171 days Fear And Celebration On Twitter as Musk Takes The Reins
1,172 days China Is Quietly Trying To Distance Itself From Russia
1,173 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,177 days Crypto Investors Won Big In 2021
1,177 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,178 days Food Prices Are Skyrocketing As Putin’s War Persists
1,180 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,180 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,184 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,184 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,185 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,187 days Are NFTs About To Take Over Gaming?

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Is The Bull Market On Its Last Legs?

This aging bull market may…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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: Making a Significant Lower Low

By - Jan 06, 2014, 6:17 AM CST

EUR/USD has broken the support at 1.3621. Coupled with the false breakout of the key resistance area between 1.3811 (11/12/2013 high) and 1.3832, a medium-term double-top is likely underway. The implied downside risk is at 1.3440. Supports stand at 1.3524 and 1.3490 (25/11/2013 low). The short-term technical structure is negative as long as prices remain below the resistance at 1.3677.

In the longer term, the recent false breakout near the key resistance area defined by 1.3811 and the long-term declining trendline (around 1.3892) confirm a limited upside potential. We favour a corrective phase towards the 200 day moving average (around 1.3321).

Daily Technical Report