Commodity Prices

Gold •462 days	2,368.70	+35.30	+1.51%
Platinum •19 mins	1,701.10	+0.30	+0.02%
WTI Crude •11 mins	62.24	-0.31	-0.50%
Gasoline •11 mins	1.906	-0.003	-0.17%
Ethanol •462 days	2.161	+0.000	+0.00%
Silver •462 days	30.82	+1.16	+3.92%

Silver • 462 days	30.82	+1.16	+3.92%
Copper • 462 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	65.96	-0.29	-0.44%
Natural Gas • 11 mins	3.365	+0.032	+0.96%
Heating Oil • 11 mins	2.286	-0.006	-0.25%

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EUR/USD: The Resistance at 1.3573 Has Been Broken

By - Feb 07, 2014, 5:47 AM CST

EUR/USD has broken the resistance at 1.3573 (31/01/2013 high, see also the steep declining trendline), opening the way for further shortterm strength. Hourly resistances are given by the declining channel (around 1.3664) and 1.3688. Hourly supports can be found at 1.3551 (50% retracement of yesterday's rise) and 1.3535 (intraday high).

In the longer term, the key resistance area between 1.3832 (25/10/2013 high) and 1.3893 (27/12/2013 high, see also the long-term declining trendline) is likely to cap any price appreciation. The current declining channel favours a gradual decline towards the support at 1.3296 (07/11/2013 low).

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