Commodity Prices

Gold •531 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,923.10	+47.60	+2.54%
WTI Crude •11 mins	56.11	+0.84	+1.52%
Gasoline •11 mins	1.695	+0.015	+0.86%
Ethanol •531 days	2.161	+0.000	+0.00%
Silver •531 days	30.82	+1.16	+3.92%

Silver • 531 days	30.82	+1.16	+3.92%
Copper • 531 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	59.76	+0.84	+1.43%
Natural Gas • 11 mins	3.979	+0.093	+2.39%
Heating Oil • 16 mins	2.143	+0.014	+0.66%

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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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