Commodity Prices

Gold •404 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,334.60	-8.90	-0.66%
WTI Crude •10 mins	64.16	+0.20	+0.31%
Gasoline •10 mins	2.085	+0.008	+0.39%
Ethanol •404 days	2.161	+0.000	+0.00%
Silver •404 days	30.82	+1.16	+3.92%

Silver • 404 days	30.82	+1.16	+3.92%
Copper • 404 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.88	+0.25	+0.38%
Natural Gas • 11 mins	2.957	+0.003	+0.10%
Heating Oil • 10 mins	2.291	-0.000	-0.01%

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EUR/USD: Bearish Breakout of The Support at 1.3508

By - Feb 03, 2014, 6:04 AM CST

EUR/USD has broken the support at 1.3508 (see also the steeper rising trendline), opening the way for a further decline towards the 200 day moving average (around 1.3380). An initial resistance lies at 1.3510 (intraday high). An hourly resistance stands at 1.3573 (31/01/2013 high). A horizontal support can be found at 1.3400.

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. The recent technical deteriorations favour a decline towards the support at 1.3296 (07/11/2013 low).

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