Commodity Prices

Gold •127 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	989.90	-9.20	-0.92%
WTI Crude •10 mins	71.52	-0.84	-1.16%
Gasoline •10 mins	2.037	-0.017	-0.83%
Ethanol •127 days	2.161	+0.000	+0.00%
Silver •127 days	30.82	+1.16	+3.92%

Silver • 127 days	30.82	+1.16	+3.92%
Copper • 127 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.94	-0.69	-0.91%
Natural Gas • 10 mins	2.725	+0.032	+1.19%
Heating Oil • 10 mins	2.272	-0.015	-0.65%

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EUR/USD: Monitor Yesterday's Intraday Bearish Reversal

By - Feb 12, 2014, 5:23 AM CST

EUR/USD weakened yesterday close to the resistance at 1.3685 (50% retracement), making an intraday bearish reversal. A break of the hourly support at 1.3609 would negate the shortterm positive structure. Another hourly support lies at 1.3552. A key resistance stands at 1.3739.

In the longer term, we favour a broad horizontal range between 1.3296 (07/11/2014 low) and 1.3893 (27/12/2013 high) with a bearish bias. As a result, a gradual decline towards the low of this range is favoured. A first key support is given by the 200 day moving average (around 1.3396).

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