Commodity Prices

Gold •15 mins	2,316.50	+5.50	+0.24%
Platinum •15 mins	965.90	+11.00	+1.15%
WTI Crude •10 mins	79.71	+0.71	+0.90%
Gasoline •10 mins	2.595	+0.018	+0.68%
Ethanol •11 hours	2.161	+0.000	+0.00%
Silver •15 mins	26.71	-0.04	-0.14%

Silver • 15 mins	26.71	-0.04	-0.14%
Copper • 15 mins	4.568	+0.022	+0.47%
Brent Crude • 10 mins	84.22	+0.78	+0.93%
Natural Gas • 10 mins	1.978	+0.046	+2.38%
Heating Oil • 10 mins	2.469	+0.017	+0.70%

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EUR/USD: Pickup in Selling Pressure

By - Feb 13, 2014, 5:23 AM CST

EUR/USD significantly weakened yesterday, suggesting a pickup in selling pressures. A break of the hourly support at 1.3552 would open the way for a further decline towards the support at 1.3477. An hourly resistance stands at 1.3683 (see also the declining trendline).

Monitor the medium-term horizontal range between the support at 1.3477 and the resistance 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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