Commodity Prices

Gold •10 mins	2,325.30	-13.10	-0.56%
Platinum •10 mins	910.10	-5.70	-0.62%
WTI Crude •10 mins	82.90	+0.09	+0.11%
Gasoline •16 mins	2.744	+0.010	+0.35%
Ethanol •7 hours	2.161	+0.000	+0.00%
Silver •10 mins	27.10	-0.25	-0.90%

Silver • 10 mins	27.10	-0.25	-0.90%
Copper • 10 mins	4.480	-0.007	-0.14%
Brent Crude • 11 mins	88.15	+0.13	+0.15%
Natural Gas • 10 mins	1.651	-0.002	-0.12%
Heating Oil • 50 mins	2.558	+0.008	+0.30%

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EUR/USD: Remains Weak

By - Jan 30, 2014, 5:59 AM CST

EUR/USD continues to post lower highs since its high at 1.3739. An hourly support area now stands between 1.3603 (29/01/2014 low) and 1.3583 (22/01/2014 high). Another support lies at 1.3508. Hourly resistances are at 1.3688 (28/01/2014 high) and 1.3739 (24/01/2014 high).

In the longer term, the recent false breakout near the key resistance area defined by 1.3811 (11/12/2013 high) and the long-term declining trendline (around 1.3890) suggest a limited upside potential. We favour a gradual corrective phase towards the 200 day moving average (around 1.3370).

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