Commodity Prices

Gold •265 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	973.50	+9.10	+0.94%
WTI Crude •10 mins	69.05	-0.06	-0.09%
Gasoline •18 mins	2.209	+0.003	+0.12%
Ethanol •265 days	2.161	+0.000	+0.00%
Silver •265 days	30.82	+1.16	+3.92%

Silver • 265 days	30.82	+1.16	+3.92%
Copper • 265 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	73.07	+0.07	+0.10%
Natural Gas • 10 mins	3.856	-0.058	-1.48%
Heating Oil • 12 mins	2.287	+0.030	+1.34%

Headlines

649 days Will The ECB Continue To Hike Rates?
649 days Forbes: Aramco Remains Largest Company In The Middle East
651 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,051 days Could Crypto Overtake Traditional Investment?
1,056 days Americans Still Quitting Jobs At Record Pace
1,058 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,061 days Is The Dollar Too Strong?
1,061 days Big Tech Disappoints Investors on Earnings Calls
1,062 days Fear And Celebration On Twitter as Musk Takes The Reins
1,064 days China Is Quietly Trying To Distance Itself From Russia
1,064 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,068 days Crypto Investors Won Big In 2021
1,068 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,069 days Food Prices Are Skyrocketing As Putin’s War Persists
1,071 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,072 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,075 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,076 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,076 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,078 days Are NFTs About To Take Over Gaming?

Tesla Struggles To Compete In European Market

Tesla continues to catch the…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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