Commodity Prices

Gold •716 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,668.20	-39.10	-2.29%
WTI Crude •4 hours	76.54	+0.69	+0.91%
Gasoline •4 hours	3.004	+0.009	+0.31%
Ethanol •716 days	2.161	+0.000	+0.00%
Silver •716 days	30.82	+1.16	+3.92%

Silver • 716 days	30.82	+1.16	+3.92%
Copper • 716 days	4.530	+0.111	+2.51%
Brent Crude • 4 hours	80.57	+0.72	+0.90%
Natural Gas • 4 hours	3.198	-0.035	-1.08%
Heating Oil • 4 hours	3.195	+0.067	+2.15%

Headlines

1,100 days Will The ECB Continue To Hike Rates?
1,101 days Forbes: Aramco Remains Largest Company In The Middle East
1,102 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,502 days Could Crypto Overtake Traditional Investment?
1,507 days Americans Still Quitting Jobs At Record Pace
1,509 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,512 days Is The Dollar Too Strong?
1,512 days Big Tech Disappoints Investors on Earnings Calls
1,513 days Fear And Celebration On Twitter as Musk Takes The Reins
1,515 days China Is Quietly Trying To Distance Itself From Russia
1,515 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,519 days Crypto Investors Won Big In 2021
1,519 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,520 days Food Prices Are Skyrocketing As Putin’s War Persists
1,522 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,523 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,526 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,527 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,527 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,529 days Are NFTs About To Take Over Gaming?

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…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

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