Commodity Prices

Gold •423 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,370.50	+8.80	+0.65%
WTI Crude •1 day	64.01	-0.59	-0.91%
Gasoline •1 day	2.188	-0.012	-0.52%
Ethanol •423 days	2.161	+0.000	+0.00%
Silver •423 days	30.82	+1.16	+3.92%

Silver • 423 days	30.82	+1.16	+3.92%
Copper • 423 days	4.530	+0.111	+2.51%
Brent Crude • 23 hours	68.12	-0.50	-0.73%
Natural Gas • 1 day	2.997	+0.053	+1.80%
Heating Oil • 1 day	2.267	-0.043	-1.87%

Headlines

807 days Will The ECB Continue To Hike Rates?
808 days Forbes: Aramco Remains Largest Company In The Middle East
809 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,209 days Could Crypto Overtake Traditional Investment?
1,214 days Americans Still Quitting Jobs At Record Pace
1,216 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,219 days Is The Dollar Too Strong?
1,219 days Big Tech Disappoints Investors on Earnings Calls
1,220 days Fear And Celebration On Twitter as Musk Takes The Reins
1,222 days China Is Quietly Trying To Distance Itself From Russia
1,222 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,226 days Crypto Investors Won Big In 2021
1,226 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,227 days Food Prices Are Skyrocketing As Putin’s War Persists
1,229 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,230 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,233 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,234 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,234 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,236 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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